National Payments Corp to take UPI, Rupay global through new subsidiary
National Payments Corporation of India (NPCI) has launched a wholly-owned subsidiary NPCI International Payments Limited (NIPL) to popularise domestic payments technologies such as unified interface payments (UPI) and RuPay cards platform abroad.
The entity would also be responsible for creating payment technologies in collaboration with other countries. In a press statement, the NPCI said, “NIPL is tasked with the responsibility of exporting NPCI’s indigenously developed offerings and technological acumen to foreign markets. The primary focus of NIPL would be internationalisation of RuPay and UPI, along with a few more offerings of NPCI.”