NPCI bulks up for one billion transactions per day

Mumbai: Anticipating online transactions to soon hit a billion a day, and having had to cope with processing snags recently, the National Payments Corporation of India (NPCI) is overhauling IT systems of all its key payment channels.

The Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Aadhar Enabled Payment System (AePS) and National Automated Clearing House (NACH) have been identified for upgrades and overhauls, people close to the development told The Economic Times. They requested anonymity as these discussions are confidential.