It is a well-known and widely accepted datum that infrastructure is the backbone of a sound and growing economy. Amongst all infrastructure, the transport sector facilitates trade and migration, thereby raising productivity in other parts of the economy and directly contributing to the economic growth.
Tag: NPCI
Post
Post
NPCI´s Unified Payments Interface (UPI) set to go live
National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments systems in India has announced that Unified Payments Interface (UPI) will be going live for customers with 21 banks.
Post
We envisage a barrier-free tolling system
NPCI falls into the category of financial market infrastructure. Our infrastructure is not visible to the naked eye. The financial market infrastructure, however, is huge. Within this, NPCI plays the role of a payments utility. We are like a utility to the banks wherein we facilitate over 25 million payments transactions daily.
Post
Kochi Metro Rail signs MoU with NPC
Kochi Metro Rail Limited and National Payment Corporation of India have signed an MoU to be associated with the roll-out of a common mobility card for greater Kochi area through the use of NPCI´s RuPay specifications for cards and payment terminals and other payment modes.
Post
NPCI disburses Rs 120 cr to LPG consumers via Aadhaar
About Rs 120 crore has been disbursed as subsidy to LPG customers in the country through the Aadhaar payment bridge facilitated by NPCI from June 1 to July 24, said Vijay S. Madan, Director General and Mission Director, Unique Identification Authority of India. Speaking at ‘Financial Inclusion Conclave 2013’ sponsored by Dun & Bradstreet and Canara Bank in Bangalore, Madan said that so far, there were 30 lakh transactions in 19 districts across the country, of which 15 lakh beneficiaries got mon