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NPCI International

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NPCI International
File:NPCI Internationl Logo.png
Public
ISIN🆔
IndustryFinancial services
Founded 📆April 3, 2020; 4 years ago (2020-04-03)
Founder 👔
Headquarters 🏙️, ,
India
Area served 🗺️
Worldwide
Key people
Products 📟 
Members
Number of employees
ParentNPCI
🌐 Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
📇 Address
📞 telephone

NPCI International Payments Limited (NIPL)[2] it is wholly owned subsidiary firm by NPCI.[3][4][5][6] NIPL would be internationalisation and create global acceptance of RuPay and UPI, and to introduce digital payments in other nations.[7][8]

Organisation[edit]

National Payments Corporation of India (NPCI) announced the launch of NPCI International Payments Limited (NIPL) - its wholly owned subsidiary firm. NIPL is tasked with the responsibility of exporting NPCI's indigenously developed offerings and technological acumen to foreign markets, thereby revolutionizing the global payments landscape. The primary focus of NIPL would be internationalization of RuPay and UPI, along with a few more offerings of NPCI. NPCI has appointed Ritesh Shukla as chief executive officer (CEO) of NIPL. In this new role, Ritesh's primary responsibilities would involve formulation of business strategy, leading business development and driving profitability by deploying NPCI's pre-existing technology and solutions in international markets. NIPL is building huge acceptance network for RuPay and UPI which will help Indian travelers pay with these payment channels in destination country of travel. With the evolution and growth of NIPL network, any Indian travelling to any country across the globe will be able to use our products. NIPL is focused on transforming payments across the globe with use of technology and innovation. It will not only enable payment for Indians but also uplift other countries by enhancing their payment capabilities through technological assistance, consulting and infrastructure. These countries have potentials but lack in resources i.e. financial, technological etc. NIPL is ready to fill this gap with its rich experience and advance understanding of payments.[9][10]

Acceptance[edit]

Myanmar (Burma)[edit]

NPCI International (NIPL) submits a bid to the Central Bank of Myanmar (CBM) for building the country's proposed real-time Retail Payments System, as well as a QR Code Generation and Repository System. A successful bid will provide a massive boost to NPCI's ambitions to take its Unified Payment Interface (UPI) international. It will also be the first big win for a Made in India technology platform designed in India and owned by an Indian company.[11][12]

See also[edit]

References[edit]

  1. "Management Team". NPCI.
  2. "NPCI International". npci.org.in. Retrieved 31 October 2020.
  3. "NPCI" (PDF). National payment corporation of India.
  4. "NPCI creates new company to take India's UPI and RuPay global • NFCW". NFCW. 3 September 2020. Retrieved 31 October 2020.
  5. "NPCI launches subsidiary to take RuPay, UPI abroad". MediaNama. 20 August 2020. Retrieved 30 October 2020.
  6. Nandi, Shreya (19 August 2020). "NPCI launches international unit to expand reach of UPI". mint. Retrieved 30 October 2020.
  7. "NPCI's new subsidiary to promote UPI, RuPay overseas". The New Indian Express. Retrieved 30 October 2020.
  8. Bureau, Our. "NPCI launches wholly-owned subsidiary to co-create payment technologies with other countries". @businessline. Retrieved 30 October 2020.
  9. "NPCI International". NPCI.
  10. "NPCI launches its subsidiary firm - NIPL" (PDF). NPCI.
  11. "NPCI arm submits a bid for building Myanmar's payments system". medianama. Retrieved 30 October 2020.
  12. "After Foray into Singapore, NPCI Plans To Take UPI To Myanmar". inc42. Retrieved 29 October 2020.


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