“Can NPCI extend India's UPI and RuPay payment infrastructure globally while expanding its role in domestic financial inclusion through value-added services for banks and fintechs?”
NPCI was established in 2008 under the Reserve Bank of India and Indian Banks' Association to operate retail payments and settlement systems in India. Initially focused on NEFT, NACH, and IMPS interbank infrastructure, NPCI's trajectory shifted dramatically in 2016 with the launch of UPI, which became the world's largest real-time payment system by volume. In recent years NPCI has expanded internationally through NPCI International Payments Limited (NIPL), exporting UPI and RuPay infrastructure to foreign markets, and has launched value-added products like NTH Rewards to deepen bank engagement on its platforms.
Npci discloses Fiserv as its banking provider, according to the Embedded Finance Index 2026.
Npci does not disclose a bank charter of its own; its banking services are provided through Fiserv.
Npci processes payments through NPCI UPI (self-operated), NPCI RuPay (self-operated), NPCI IMPS (self-operated), NPCI NACH (self-operated) and NPCI FASTag (self-operated). Disclosed money-movement rails: UPI.
Npci's cards are issued through NPCI RuPay (self-operated).
The Embedded Finance Index 2026 maps 4 layers in Npci's stack: Payments / PSP (NPCI UPI (self-operated), NPCI RuPay (self-operated), NPCI IMPS (self-operated), NPCI NACH (self-operated) and 1 other); Money movement (UPI); Banking / BaaS (Fiserv); Card issuing (NPCI RuPay (self-operated)).
Npci is founded in 2008 and headquartered in Mumbai, India.
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