Brief Background
- India’s leading digital payment platform
- UPI is an open and interoperable digital payment platform that integrates multiple bank accounts into a single mobile application
- Provides cash-less layer to India Stack
Objectives
- Financial Inclusion and Cash displacement
- Sovereign Solution and Multiplier of Economic activity
- Enables Open Banking theme – Drive innovation and Fintech Incubation
Benefits and Impact
- Simple and user-friendly onboarding of users and on-click secure payment from any bank account
- Facilitated financial transactionsof 241Billion with value of USD 4.8 Trillion
Implementation Methodology
- Assessment of the Retail Payment System requirements in other countries
- Availability of UPI protocol and Software post gap assessment and changes, if any
- Know-how, business consulting and market strategy
- Execution plan, deployment services for solution build and hand-over
Use-cases
- Paying utility bills
- Over the counter payments
- Barcode based payments
High level Architecture
Modalities of implementation
Contact Us
Mr. Dilip Asbe, MD & CEO, NPCI
ceo@npci.org.in
Mr. Ritesh Shukla, CEO, NPCI International Payments Ltd.
ritesh.shukla@npci.org.in
UPI : Unified Payments Interface – Instant mobile payments | NPCI
ceo@npci.org.in
Mr. Ritesh Shukla, CEO, NPCI International Payments Ltd.
ritesh.shukla@npci.org.in
UPI : Unified Payments Interface – Instant mobile payments | NPCI
