NPCI definition

NPCI means “ National Payment Corporation of India”
NPCI means National Payments Corporation of India, a company incorporated in India under Section 25 of the Companies Act, 1956 and having its registered office at 1001A, B wing 10th Floor, The Capital, Plot 70, Block G, Bandra- Kurla Complex, Bandra (East), Mumbai - 400 051, and acting as the settlement, clearing house, regulating agency for UPI services with the core objective of consolidating and integrating the multiple payment systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems;

Examples of NPCI in a sentence

  • This program is part of the National Electronic Toll Collection (NETC) initiative rolled out by NPCI under the guidelines of National Highways Authority of India (NHAI) & Indian Highway Management Company Limited (IHMCL).

  • Customer can link other bank accounts through a one-time registration process defined and standardized by NPCI to enable transacting through UPI.

  • BFL is a TPAP authorized by NPCI to facilitate payments through sponsor PSP Bank(s) namely Axis Bank Ltd.

  • Customer can link other bank accounts through a one-time registration process defined and standardized by NPCI and then start transacting on that.

  • Customer shall also fully indemnify and hold harmless BFL and NPCI against any loss, costs, expenses, demands or liability, whether direct or indirect, arising out of a claim by a third party pertaining to the use of UPI Facility by the Customer.


More Definitions of NPCI

NPCI means the National Payments Corporation of India; “NSE” shall mean National Stock Exchange of India Limited;
NPCI means National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA)
NPCI means National Payments Corporation of India a company incorporated in India under Section 25 of the Companies Act, 1956 and acting as the settlement, clearing house and regulating agency for UPI payment system.
NPCI means National Payment Corporation of India;