NPCI

NPCI is the National Payments Corporation of India, a not-for-profit organization that operates and manages retail payment systems in India, including the Unified Payments Interface (UPI).

Why it’s in the news: It is in the news for announcing a merchant discount rate (MDR) for UPI transactions above ₹2,000 and for reporting a significant drop in its annual profit.

Latest on NPCI

• UPI MDR Needed To Fight Cyber Threats With AI: NPCI Chief Dilip Asbe
• No US pressure in UPI MDR decision; NPCI circular offers no advantage to foreign credit cards: FinMin
• NPCI Sets 0.4% MDR On P2M UPI Transactions Over ₹2,000
• NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% charge
• NPCI’s FY26 Profit Drops 32% YoY To ₹989 Cr As Tax Outgo, BHIM Loss Surge
• GFF 2026: NPCI Unveils Unified Ticketing, Takes RuPay Credit Card On UPI To US, UAE
• NPCI's focus on leveraging AI technology to enhance the Universal Payments Interface ecosystem's growth trajectory
• NPCI To Let Users Port UPI AutoPay Mandates Across Apps: Report
• The UPI Shake-Up Begins
• NPCI building AI platform on Claude to drive wider enterprise adoption : Anthropic India MD

Connections

16 entities linked to NPCI across the news graph.