The National Payment Corporation of India, NPCI in short, organization for operating payments and settlement systems in our country, is trying to reach out to the country markets as well. That’s why it started a new subsidiary named NPCI International Payments Limited (NIPL). It not only expand the business of NPCI beyond India but spread Indian payment technologies like UPI and RuPay in abroad.
NPCI has assigned Ritesh Shukla as the CEO of NIPL who will lead the organization to spread NPCI’s “indigenously developed offerings and technological acumen” to outside India. But before that, they will take RuPay and UPI on the global platform.
The agency said, “NPCI has achieved success at developing a robust payments system that is cost effective, secure, convenient and instantaneous. Several nations have displayed an inclination towards establishing a ‘real time payment system’ or ‘domestic card scheme’ inspired by the exemplary innovations by NPCI in the country”.
As per NPCI, so many developing nations are showing interest in real-time payment technologies like UPI. The CEO of NPCI Mr. Dilip Asbe said, “It is a matter of pride for NPCI that several regions such as Asia, Africa and the Middle East have displayed interest towards replicating our model in their own nations. The growth and evolution of NIPL will result in a huge acceptance network for RuPay and UPI, which, in turn, will empower Indian travelers”.
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