“Can India's domestically-built payment infrastructure (UPI and RuPay) become a globally adopted, sovereign-owned alternative to Western card networks and cross-border payment rails?”
NPCI International was established in 2020 as the international arm of the National Payments Corporation of India, created specifically to export India's domestic payment infrastructure — primarily RuPay and UPI — to global markets. The company functions as a B2B infrastructure enabler, forming partnerships with overseas banks, fintechs, and payment networks to allow Indians abroad and foreign nationals to access India-origin payment rails. Its embedded finance angle is primarily cross-border remittances and card scheme expansion, positioning itself as a sovereign-backed alternative to Visa/Mastercard for India-linked corridors.
Npci International processes payments through UPI (self-operated) and RuPay (self-operated). Disclosed money-movement rails: UPI.
The Embedded Finance Index 2026 maps 2 layers in Npci International's stack: Payments / PSP (UPI (self-operated) and RuPay (self-operated)); Money movement (UPI).
Npci International is founded in 2020 and headquartered in Mumbai, India.
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