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The National Payments Corporation of India (NPCI) is an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India (RBI) and Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India. NPCI operates several retail payment systems, including the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Financial Switch (NFS), and RuPay, among others. NPCI's primary objective is to consolidate and integrate multiple systems with varying service levels into a nationwide uniform and standard business process for all retail payment systems. Its vision is to enable all Indian citizens to have unrestricted access to e-payment services. NPCI's services have played a significant role in advancing India's digital payments ecosystem. The UPI, in particular, has gained widespread adoption and is used by various banks and financial institutions for instant fund transfers and merchant payments. The organization collaborates with various stakeholders in the financial services industry, including banks, payment service providers, fintech companies, and government bodies, to promote digital payments and financial inclusion. NPCI's initiatives align with the Indian government's broader agenda of promoting a less-cash economy and leveraging technology to make financial services more accessible and affordable for all segments of the population. Overall, NPCI is a key player in India's digital payments landscape, and its services have contributed to the growth of electronic transactions and financial inclusion in the country."

• Umbrella organization for operating retail payments and settlement systems in India, Initiative of the Reserve Bank of India (RBI) and Indian Banks' Association (IBA), Operates several retail payment systems including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Financial Switch (NFS), and RuPay, Aims to create a robust payment and settlement infrastructure in India, Objective to consolidate and integrate multiple systems into a nationwide uniform and standard business process, Vision to enable all Indian citizens to have unrestricted access to e-payment services, Significant role in advancing India's digital payments ecosystem, Widespread adoption of UPI for instant fund transfers and merchant payments, Collaboration with stakeholders in the financial services industry, including banks, payment service providers, fintech companies, and government bodies, Promotion of digital payments and financial inclusion, Alignment with the Indian government's agenda of promoting a less-cash economy, Contribution to the growth of electronic transactions and financial inclusion in India