I am very glad that the National Payments Corporation of India (NPCI) established in 2009 footed the bill in perfect unison and has now emerged as the prime engine chugging ahead in the retail payment systems. NPCI is working closely with the banking community and payments technology industry at large and is at the forefront of digitizing the payments while also providing for interoperability.
The industry has also been privy to the new initiatives taken by NPCI which are impacting the payments system positively. As it is, NPCI is completing six years now and in its six years existence, it has successfully launched six products viz., gridwise operations of the CTS, Interoperability on NACH, IMPS, NFS and the RuPay card scheme.