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:: NPCI in News
 
Jan Dhan Yojana opens a new door for RuPay gateway- BL
 
Jan Dhan Yojana be a gamechanger- M Balachandran: CNBC TV18
 
Narendra Modi Govt, NPCI to foot Jan Dhan Yojana insurance premium bill - FE
 
IDBI Bank to open 2 lakh accounts on Aug 28, RuPay cards will be given to customers- ET
 
PM to launch Jan Dhan Yojana on Aug 28: 1 crore bank accounts to be opened with giving RuPay cards- DNA
 
Jan Dhan Yojana: Personal Accident cover doubled to Rs 2 lakh- ET
 
Insurers in talks with NPCI to offer cover under Inclusion- Moneycontrol.com
 
Personal accident cover under Jan Dhan Yojana doubled to Rs 2 lakh- Business Today
 
HDFC Ergo to offer Insurance cover to RuPay cardholders for 3 years- ET
 
Telecom companies agree on basic banking services through SMSes, NPCI launches NUUP- ET Page-1
 
RuPay set to give Visa, MasterCard a run for their money in India- FE
 
BMB rolls out RuPay EMV Debit card- BL
 
BMB launches RuPay Debit card with EMV chip- BS
 
BMB Launches RuPay Debit card EMV chip- FC
 
BMB launches RuPay Debit card with EMV chip- The Statesman
 
BMB rolls out RuPay Debit card- Yahoo.com
 
RuPay cards to replace Aadhaar in welfare scheme authentication- ET
 
Five things you wanted to know about the RuPay card
 
IMPS supports Yes Bank and Transfast launches Instant Online Money Transfer service- Moneycontrol
 
Through IMPS, Yes Bank and TransFast launches Instant Online Money transfer service- BL
 
IMPS supports Yes Bank to launch instant online money transfer service -BS
 
IMPS supports Transfast and Yes Bank to Launch Instant Bank Deposits for Money Transfers to India - GN
 
RuPay to go global, take on card biggies- DNA
 
NABARD launches RuPay Kisan Cards- ET
 
No Visa or Mastercard, only RuPay will emerge out in India
 
Government asks PSU banks to issue RuPay debit cards to customers, install POS terminals
 
Rupay Kisan Credit Card Scheme to start from July 12
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Now, transfer funds from US to Indian bank accounts instantly
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - ...
 
SBI, ICICI, HDFC AMONGST 20 TO GET NPCI’S INWARD REMITTANCE NOD BY JULY-END
 
Remit Funds From U.S. To Indian Bank Accounts Instantly
 
XOOM Annouces Instant Overseas Remittances through IMPS.
 
UBI offers merchant payment service on mobile phones
 
President of India dedicates RuPay card to the nation- ET
 
President to dedicate indigenous card payment network RuPay- IBN LIVE
 
President to dedicate indigenous card payment network- ToI
 
President dedicates India’s own card scheme to the nation - BS
 
Soon you can use the RuPay platform to shop abroad, book railway tickets- BL
 
President to dedicate RuPay to the nation – The Hindu
 
President to dedicate indigenous card payment network RuPay- asian
 
President to dedicate indigenous card payment network RuPay- IF
 
President to dedicate indigenous card payment network RuPay- BW
 
President to dedicate indigenous card payment network RuPay- Zee News
 
President to dedicate indigenous card payment network RuPay- Tsm
 
President to dedicate indigenous card payment network RuPay- Tst
 
Axis Bank offers crop loans at ATMs on RuPay Kisan card- HBL
 
Axis bank launches RuPay 'Kisan Card'- ET
 
Axis Bank launches RuPay Kisan Card- Zee News
 
1. m-Pesa joins Immediate Payment Service (IMPS) - BL
 
Kalupur Bank becomes first Cooperative to launch RuPay in Gujarat
 
NPCI co-organises E-BAAT Program, focuses on future banking transactions
 
NPCI appoints FIME for RuPay certification
 
Axis Bank launches Aadhaar-based eKYC facility for rural banking - ET
 
Axis Bank, the first bank to launch Aadhaar-based eKYC facility for rural banking- BS
 
Axis Bank introduces eKYC micro ATM facility- HBL
 
NPCI is leveraging NFS for routing payments of Aadhaar, says M Balachandran - CNBC TV18
 
RuPay card to benefit Farming Community- BL
 
Primay Agri Co-op Societies to operate RuPay card in Dakshina Kannada- BL
 
Why suspending DBT scheme would be a retrograde step : By A P Hota – ET Guest Column
 
RuPay Card base to touch 25 mn by Mar: NCPI
 
RuPay Card base to touch 25 mn by Mar: NPCI- ET
 
‘RuPay Cards to reach 25 m’- MSN
 
Soon, Tap-and-go cards for small value payments- DNA Money
 
Payments made via Aadhaar crosses one crore mark- BS
 
NPCI’s Aadhaar-based transactions- BL
 
Payments made via Aadhaar crosses one crore-mark in December- ET
 
Payments made via Aadhaar crosses one crore-mark in Dec- Siasat Urdu
 
Payments made via Aadhaar crosses 1 cr-mark in Dec
 
Chipping In For Safety- Business World
 
M Balachandran takes over as new Chairman of NPCI Board- BL
 
HDFC Bank, NPCI tie up for Aadhaar eKYC- ToI
 
Mobile payments gain currency
 
CTS cheques become mandatory after Nov 30
 
Cheque clearance made easy in Bhopal – ToI
 
Now, Aadhaar-linked accounts to be basis for mobile payments – BS
 
Aadhar Increases Convenience Dramatically: Nilekani – Outlook India
 
Six banks sign up for Aadhaar-based remittance – BS
 
Six banks sign up for Aadhaar-based remittance- HBL
 
Punch in recipient's Aadhaar number to transfer funds – ET
 
NPCI We are trying to become a less-cash society - ET
 
13 central schemes under DBT for direct cash transfer- TOI
 
Reaching out to farmers, the electronic way- Mint
 
IMPS Now, donate to the Gods on the go - BL
 
NPCI introduces RuPay to Indian eCommerce
 
RuPay Goes Online- BL
 
Aadhaar, chip & pin need to coexist' says NPCI's MD & CEO - ToI
 
NPCI launches e-commerce solution in RuPay Card - Zee News
 
NPCI launches e-commerce solution in RuPay Card - BS
 
National Payments Corporation launches e-commerce solution in RuPay Card - ET
 
RuPay cards can be used online - TOI
 
NPCI unveils RuPay PaySecure service - BL
 
Aadhar Payment Bridge of NPCI facilitates LPG subsidy scheme roll out successfully
 
ET- RuPay Card crosses 3 million mark, to be e-commerce-ready by May-end
 
NPCI's IMPS platform helps Oxicash to introduce first independent wallet facility in the county
 
IMPS helps OxiCash to become country's first independent wallet facility
 
NPCI supports OxiCash to offer first non bank mobile wallet facility
 
'Desi' alternative to VISA, Mastercard from July
 
HSBC activates NACH debit platform
 
ET- Federal Bank launches RuPay brand Debit card
 
BS- Federal unveils RuPay Debit card
 
BL- Federal Bank in RuPay League
 
Jawans feel more secure with IMPS- DNA
 
ET- NPCI ties up with Discover Financial to go global
 
FE- RuPay global cards by July
 
IBN Live- RuPay goes global with Discover Financial
 
NPCI to launch RuPay global card by July
 
NPCI ties up with Discover Financial
 
NPCI's RuPay gets global access
 
RuPay Card gains acceptance for online transactions
 
Punjab government to make online payment to commission agents
 
Wheat procurement begins today, Arthias to get payments online
 
Punjab govt to make online payment to commission agents
 
NPCI flags data hurdle to Direct cash transfers scheme.
 
Aadhar Enabled Payment Bridge empowers Akshaya Project in T'puram.
 
RuPay card gains momentum in Rural India- NABARD
 
Aadhaar Payment must be basis for direct benefit transfers
 
Tips to remit funds through IMPS
 
Pay your auto fare via mobile,
 
Mint report on Feb 13
 
NPCI seeks to end pricing stalemate with telcos
 
ATM network crosses 1-lakh mark
 
Federal Bank rolls out mobile fund transfer facility to merchants
 
Atom Technologies introduces mobile payment service
 
Anytime Anywhere Banking
 
Task Force on an Aadhaar Enabled Unified Payment Infrastructure Submits Report to Finance Minister;
FM Calls for Upscaling and Implementation of Pilot Projects in More Areas
 
NPCI's RuPay debit cards to rival Visa and Mastercard
 
NPCI revises PoS terminal transaction fees
 
Mobile banking set to become user-friendly
 
All PoS Terminals will Start Accepting RuPay Cards by Jan, says NPCI CHIEF
 
RuPay cards to be acceptable at all PoS terminals by Jan
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  :: Background

Reserve Bank of India, after setting up of the Board for Payment and Settlement Systems in 2005, released a vision document incorporating a proposal to set up an umbrella institution for all the RETAIL PAYMENT SYSTEMS in the country. The core objective was to consolidate and integrate the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems. The other objective was to facilitate an affordable payment mechanism to benefit the common man across the country and help financial inclusion.

IBA's untiring efforts during the last few years helped turning this vision a reality. National Payments Corporation of India (NPCI) was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009. It has been incorporated as a Section 25 company under Companies Act and is aimed to operate for the benefit of all the member banks and their customers. The authorized capital has been pegged at Rs 300 crore and paid up capital is Rs 100 crore so that the company can create infrastructure of large dimension and operate on high volume resulting payment services at fraction of the present cost structure.

 >> Organisation

Presently, there are ten core promoter banks ( 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). The Board constitutes of Shri Balachandran M as the Chairman, Nominee from Reserve Bank of India, Nominees from ten core promoter banks, two Independent Directors and Shri A.P.Hota, Managing Director and Chief Executive Officer, NPCI. The Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) at its meeting held on September 24,2009 has approved in-principle to issue authorisation to NPCI for operating various retail payment systems in the country and granted Certificate of Authorisation for operation of National Financial Switch (NFS) ATM Network with effect from October 15, 2009. NPCI has deputed its officials to IDRBT Hyderabad and NPCI has taken over NFS operations from December 14, 2009. Membership regulations & rules are being framed for enrolling all banks in the country as members so that when the nation-wide payment systems are launched, all would get included on a standardized platform.

A Technical Advisory Committee has also been constituted with two eminent professors of IIT, Mumbai. Prof.N.L.Sarda is the Chairman and Prof.G.Sivakumar is the Co-Chairman of the Technical Advisory Committee. Members in these committees are drawn from banks at the level of Deputy General Manager/ Asst. General Manager.

 >> Brand Logo Philosophy

The NPCI symbol uses the acronym of the organization’s name. The letter forms are arranged to reflect solidity with progressiveness and dynamism. The use of the red dot and swirl make the entire image unique and memorable. The swirl also communicates worldwide presence. The green and red combination is reminiscent of the Indian National colors. It presents a fresh, individualistic and environmentally conscious message to the world.

The company logo of NPCI was unveiled at the hands of the ex-chairman of NPCI Board Shri N R Narayana Murthy at the Board Meeting held on 23- 10- 10.

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