Founded in December 2008, the NPCI is a not-for-profit organisation registered under Section 8 of the Companies Act 2013, established by the Reserve Bank of India and Indian Banks’ Association.
National Payments Corporation of India (NPCI), an initiative of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), is an umbrella organisation for operating retail payments and settlement systems in India.
As per the shareholding pattern disclosed by NPCI, Union Bank of India, Bank of Baroda and Punjab National Bank hold the highest stake with 9.15 per cent each, whereas Canara Bank holds 8.14 per cent share. Lenders including State Bank of India, Bank of India, ICICI Bank, HDFC Bank, HSBC and Citibank, each, hold 7.12 per cent stake.
NPCI Products and Services
- NPCI onboards Amazon, Paytm, PhonePe as new shareholders+
- National Payments Corporation of India Wiki