The National Payments Corporation of India (NPCI) completed the process of a private placement of 4.63% of its equity shares worth INR 81.64 Cr.
NPCI is a not-for-profit organisation, and an initiative of the RBI and Indian Banks’ Association (IBA). The company currently operates various payment infrastructure including – Unified Payments Interface (UPI), Aadhaar Enabled Payment System (AePS), Bharat BillPay, amongst others.
In it's expansion, NPCI has got on-board some non-bank entities authorised by the RBI, totaling the shareholder entities for NPCI to 67.
Among those onboarded includes, Amazon Pay, PhonePe and Paytm Payments Bank and PhonePe.