Paytm, PhonePe, Amazon Pay, others now NPCI shareholders; may get more say in UPI future

The National Payments Corporation of India (NPCI) on Thursday raised nearly Rs 82 crore by way of private placement of 4.63 per cent of its equity shares to 19 new banks, non-banking entities and the parent companies of payment systems aggregators.

“This broad basing exercise was done to further diversify and distribute the NPCI shareholding to a larger set of the RBI (Reserve Bank of India) regulated entities and categories of payment industry participants. NPCI made an offer for the private placement to 131 RBI regulated entities, out of which 19 evinced interest and were allotted shares in NPCI,” the not-for-profit initiative, which runs and manages the Unified Payments Interface (UPI), said.