National Payments Corporation of India

[9] Dilip Asbe is the current managing director and chief executive officer of the NPCI after A. P. Hota, who retired from the post on 10 August 2017.

The organization is getting offers from nations around Asia, Africa and the Middle East to improve their payment infrastructure.

[11][12] In 2021, Malaysian company Merchantrade Asia partnered with NIPL to send remittances to India through UPI infrastructure.

Starting with the Eiffel Tower, the strategic partnership guarantees a smooth integration of the UPI payment method.

[14] NIPL and the Central Reserve Bank of Peru will collaborate to establish a quick payments infrastructure in the South American nation that is akin to UPI.

Through the agreement, the Central Reserve Bank of Peru is able to set up a fast and effective real-time payments infrastructure for the nation and individuals as well as businesses.

This is done in view of growing traffic and workload from UPI, IMPS, Aadhaar Enabled Payment System and National Electronic Toll Collections.

[16][17] The corporation's current and future service portfolio includes: A network of Micro ATMs using Aadhaar authentication.

This includes Cards (Credit, Debit and Prepaid), NEFT Internet Banking, UPI, Wallets, Aadhaar based Payments and Cash.

[20] A common QR code developed by NPCI in collaboration with American Express, Mastercard and Visa for ease of payments and interoperability.

CBDC will remove ₹4,984.80 crore security printing cost borne by the general public, businesses, banks, and RBI on physical currency.

[25] A centralised clearing service that aims at providing interbank high volume, low value transactions that are repetitive and periodic in nature.

[27] FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion.

The interface is developed by National Unified USSD Platform (NUUP) to overcome the problem of poor internet connectivity in rural areas with 12 regional languages.

Understanding the importance of mobile banking in financial inclusion in general and of *99# in particular, various regulatory/trade bodies came together to ensure on boarding of all TSPs on *99# (USSD 1.0).

With the wider ecosystem (11 TSPs), *99# was launched by Prime minister Narendra Modi on 28 August 2014, as part of Pradhan Mantri Jan Dhan Yojna.

[34] It a 3-step method to initiate and execute UPI services for feature phone users without the use of internet connection or USSD channel.