Press background on National Payments Corporation of India
Company profile
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.
National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country is pleased to announce a relaxation in claiming personal accident insurance which is an added benefit for RuPay Classic card holders. The usage condition for RuPay customers has be... (more)
Nov 25, 2015 17:00 IST
National Payments Corporation of India
Aadhaar Payment Bridge (APB) system which went live on January 2013 has been scaling new heights. Within a short period of less than 2 years, the National Financial Mapper, managed by NPCI, has grown to over 10 crore unique entries, thereby allowing the Government department/agencies to reach out t... (more)
Dec 15, 2014 16:00 IST
National Payments Corporation of India
