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National Payments Corporation of India (NPCI)

News and Press Release - Dated:- 1-4-2017 - The Committee on Digital Payments was constituted by the Ministry of Finance, to review the payments system in the country and to recommend appropriate measures for encouraging digital payments. NPCI has been set up as an umbrella organization owned and operated by the banks. NPCI has been authorised by Reserve Bank of India under the PSS Act, 2007 to operate the following Payment Systems: (i) National Financial Switch (NFS) (ii) Immediate Payment Syst .....

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