The shareholders of National Payments Corporation of India at its Annual General Meeting held on 22nd September 2022, have approved the re-appointment of Mr. Dilip Asbe as the Managing Director & Chief Executive Officer of NPCI for a period of five years, with effect from 8th January 2023.
The National Payments Corporation of India (NPCI) is the Reserve Bank of India’s specialized section, which reports to the Indian government’s Ministry of Finance. It was established by the RBI to run India’s retail payment and settlement systems.
National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. NPCI has created a robust payment and settlement infrastructure in the country.
It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC FasTag) and Bharat BillPay.
NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payment solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.