National Payments Corp to take UPI, Rupay global through new subsidiary

National Payments Corporation of India (NPCI) is taking its business beyond Indian shores through its subsidiary NPCI International Payments Limited (NIPL).

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a ‘real time payment system’ or a ‘domestic card scheme’.

The primary focus of the subsidiary would be the internationalisation of RuPay and UPI, along with a some other NPCI offerings. Several nations have displayed an inclination towards establishing a ‘real time payment system’ or ‘domestic card scheme’ inspired by the exemplary innovations by NPCI in the country, the NPCI said in a statement.