Amazon Pay, Paytm, PhonePe Onboarded As New Shareholders In NPCI

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.

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