Npci
“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.