NPCI to Meesho: Indian firms in Time’s 100 most influential companies 2023

Two Indian companies, the National Payments Corporation of India (NPCI) and Meesho, were featured on Time’s list of 100 most influential companies 2023 list released on Thursday. Additionally, Polygon Labs, originally founded as Matic Network by four Indians, also found its mention in the list.

Launched in 2008 by the Reserve Bank of India (RBI) and the Indian Bank’s Association (IBA), NPCI has played a big role in adopting digital payments in the country.

“As smartphone and internet use have grown in India, the NPCI launched United Payments Interface (UPI), which allows instant money transfers via mobile apps and QR codes, and has brought digital payments to nearly 300 million users,