National Payments Corporation of India - News, Articles & Research

India's UPI comes to Nepal

India's ambitions to take its Unified Payment Interface global has taken a step forward thanks to a link up with Nepal's Fonepay.

11 March 2024

News/payments

India partners Google Pay to take UPI global

India's NPCI is joining forces with Google Pay to bring its hugely popular Unified Payments Interface (UPI) to other countries.

17 January 2024

News/payments

UAE to launch national domestic card scheme

The United Arab Emirates is to establish its own domestic card scheme in a bid to encourage strategic independence from the Visa/Mastercard duopoly.

18 October 2023

Company announcement/payments

Pepper Money launches RuPay powered prepaid card

Pepper Money India has partnered with the National Payments Corporation of India (NPCI) and Pine Labs to launch a RuPay prepaid card in India, Pepper Money Dreams Card.

05 October 2023

Company announcement/payments

PPRO signs strategic partnership with NPCI International

PPRO, the leading digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.

27 April 2023

Company announcement/payments

Icici to launch RuPay credit cards

Icici Bank today announced its partnership with National Payments Corporation of India (NPCI) to launch a range of credit cards on RuPay, the indigenous payments network.

29 August 2022

Company announcement/payments

NPCI taps PPRO for global payments growth

NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India, and PPRO, the leading global provider of local payments infrastructure have today signed a memorandum of understanding (MOU) to partner together to expand and empower international growth of India’s digital payments ecosystem.

17 November 2021

Company announcement/payments

Fiserv and NPCI team to help banks and fintechs issue RuPay credit cards

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has entered into a first-of-its-kind collaboration with National Payments Corporation of India (NPCI), which leads the retail payments and settlement infrastructure in India with breakthrough products like Unified Payments Interface (UPI), Bharat Bill Payment System, and RuPay, to enable the launch of ‘nFiNi’, a ready stack of services that fintechs and banks can use to issue RuPay credit cards.

08 September 2021

News/inclusion

India's NPCI and SBI Payments launch NFC-based SoftPOS system

National Payments Corporation of India (NPCI) has teamed up with a State Bank of India unit to launch a tool that turns NFC-enabled phones into merchant point-of-sale terminals.

10 March 2021

News/inclusion

Third of Indian households use digital payments

A third of Indian households use digital payments, with usage spread across income groups, according to a survey.

18 January 2021

Company announcement/payments

NPCI enforces 30% market share cap on transactions processed in UPI

National Payments Corporation of India (NPCI) said that with UPI reaching 2 Bn transactions a month and with potential for future growth, it has issued a cap of 30% of total volume of transactions processed in UPI, applicable on all Third Party App Providers (TPAPs).

09 November 2020

News/payments

WhatsApp cleared to launch payments service in India

Facebook-owned WhatsApp has finally gotten the greenlight to launch its payments service in India.

05 November 2020

News/payments

India's NPCI launches unit to take UPI and RuPay global

The National Payments Corporation of India (NPCI) has set up an international subsidiary to sell the technology behind its RuPay network and Unified Payments Interface (UPI) to other countries

21 August 2020

Company announcement/payments

India's NPCI collaborates with Apix on fintech innovation

National Payments Corporation of India (NPCI) said that it has partnered with APIX, a FinTech collaboration platform setup by AFIN, at the first-of-its-kind virtual Global FinTech Fest 2020.

29 July 2020

Company announcement/payments

NPCI to build 'Smart Data Center' in Chennai

Edappadi K. Palaniswami, Hon’ble Chief Minister of Tamil Nadu laid the foundation stone of Smart Data Center that would be recognised as the first TIER IV Data Center in Chennai

21 May 2020

Company announcement/payments

NPCI urges India to use digital payments to reduce social contact and contain Covid-19 outbreak

National Payment Corporation of India (NPCI) urges Indian citizens to use digital payments to reduce social contact and reduce the chance of transmission of novel coronavirus.

25 March 2020

Company announcement/regulation

NPCI appoints K. Viswanath as chief risk officer

National Payments Corporation of India (NPCI) has announced that K. Viswanath has taken charge as the new Chief Risk Officer (CRO) of the organization.

05 February 2020

Company announcement

Aadhaar Enabled Payments System crosses 200 million transactions in July 2019

National Payments Corporation of India (NPCI) announced the transactions of Aadhaar Enabled Payment System (AePS) for the month of July 2019 have crossed the milestone number of 200 million.

12 August 2019

Company announcement

NPCI introduces RuPay JCB Global Card

National Payments Corporation of India (NPCI) and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., together with Indian banks, announced the launch of RuPay JCB Global Cards, which can be used at RuPay card accepting points in India and JCB card accepting points outside India for both POS and ATM.

23 July 2019

News

Mastercard complains to US govt about Indian PM's RuPay promotion

Mastercard has complained to the US government about the behaviour of Indian prime minister Narendra Modi, claiming that he is using nationalism to push the country's domestic payments network, hurting foreign rivals, according to Reuters.

02 November 2018