National Payments Corporation of India (NPCI) in News 2024
October-November-December 2024
- NIPL Partners with Trinidad and Tobago: NPCI International Payments Limited (NIPL) partnered with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform like India’s UPI.
- NIPL Signs MoU with Egov Jamaica: NPCI International Payments Limited (NIPL) signed an MoU with Egov Jamaica Limited to help Jamaica adopt India’s UPI technology for improved digital payment solutions.
- NBBL Partners with PFRDA: NPCI Bharat BillPay Limited (NBBL) collaborated with the Pension Fund Regulatory and Development Authority (PFRDA) to integrate the National Pension System (NPS) as a biller category on the Bharat Connect platform.
August – September 2024
- The National Payments Corporation of India (NPCI) has announced the introduction of ‘BBPS’ for Business, where BBPS stands for Bharat Bill Pay System.
- According to the report ‘Enabling Digital Payments For Women in India’ by the UPI for Her initiative, 57% of 2,500 women entrepreneurs surveyed were unaware of UPI-based merchant offerings. The initiative is a collaboration between NPCI and Women’s World Banking (WWB), New York.
- As per recent information shared by the National Payments Corporation of India (NPCI), C-Edge Technologies Ltd has potentially been compromised by a ransomware attack.
- National Payments Corporation of India (NPCI) has launched a wallet for inbound travelers visiting India from across the world, named UPI One World.
- NPCI has incorporated Bharat Interface for Money (BHIM) as a wholly-owned subsidiary, now known as NPCI-BHIM Services Ltd (NBSL), with Lalitha Nataraj appointed as the CEO.
- NPCI has launched a new feature called UPI Circle on its Unified Payments Interface (UPI) platform to enhance convenience and security in digital transactions across India.
January to July 2024
- NPCI International Payments (NIPL) signed an agreement with Qatar National Bank (QNB) to launch QR-code-based UPI payments across West Asia.
- Ajay Kumar Choudhary has been appointed the non-executive chairman and independent National Payments Corporation of India (NPCI) director.
- NPCI has partnered with the Indian Institute of Science (IISc), Bengaluru to research blockchain and artificial intelligence (AI).
- NPCI International Payments (NIPL) has partnered with the Fonepay Payment Service for cross-border UPI transactions between India and Nepal.
- RuPay has collaborated with the National Payments Corporation of India (NPCI) to introduce the ‘Link it, Forget it’s campaign.
- NPCI International Payments Limited (NIPL) has signed a pact with the Central Bank of Namibia to develop a Unified Payments Interface (UPI) like an instant payment system.
- Peru has partnered with NPCI International Payments Ltd (NIPL) to become the first South American country to introduce a UPI-like real-time payments system.
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