Verified employee & interview reviews

NPCI Reviews

Mumbai, Maharashtra

4.0/ 5

1 review

National Payments Corporation of India (NPCI) is an umbrella organization responsible for operating retail payment and settlement systems across India. Established in December 2008, the company was created as a joint initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007. It was incorporated as a not-for-profit company under Section 25 of the Companies Act, 1956, which corresponds to Section 8 of the Companies Act, 2013, with the primary goal of building a robust and advanced physical as well as electronic payment infrastructure for the entire banking system in India. Headquartered in Mumbai, Maharashtra, NPCI is centrally focused on leveraging technology to drive greater operational efficiency in retail payments and widen the overall reach of digital financial services, thereby promoting financial inclusion. Initially promoted by a core consortium of ten major banks including State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank, and HSBC, NPCI has significantly expanded and broad-based its ownership. Over the years, its shareholding has diversified to include dozens of public sector, private sector, foreign, multi-state co-operative, and regional rural banks. NPCI is the powerhouse behind some of India’s most revolutionary digital payment products. Its extensive portfolio includes flagship platforms such as the Unified Payments Interface (UPI), which enables real-time mobile-based interbank transactions, and RuPay, India's domestic card payment network. Other critical services managed by NPCI include the Immediate Payment Service (IMPS), the National Electronic Toll Collection (FASTag) system, the Bharat Bill Payment System (BBPS), the Aadhaar Enabled Payment System (AePS), the National Automated Clearing House (NACH), and the National Financial Switch (NFS). To expand its technological innovations globally, NPCI established a wholly owned subsidiary called NPCI International Payments Limited (NIPL) in April 2020. NIPL focuses on internationalizing UPI and RuPay, offering cross-border payment solutions for Indian travelers and assisting other nations in building real-time retail payment frameworks. Recognized by the RBI as a System Wide Important Payment System (SWIPS), NPCI plays a critical role in maintaining market financial stability through robust risk management, encryption methods, and a secure settlement guarantee mechanism. Financially driven by settlement volumes, the corporation reported a net sales revenue increase of over 21 percent in 2025 and a surplus after tax of INR 1,552 crore for the fiscal year ending March 31, 2025, reflecting its massive scale and pivotal role in transforming India into a digital-first economy. Led by Managing Director and CEO Dilip Asbe, NPCI continues to drive financial literacy and digital empowerment nationwide.