national payments corporation of india links all the atms in india npci.
national payments corporation of india links all the atms in india npci.
who links all the atms in india npci?
national payments corporation of india
idrbt decided to hive off its operational role on atm switching to refocus on research and development, and was sought to shift the business to a national-level payment system organization. the national payments corporation of india (npci) started discussions with idrbt on the feasibility of taking over. the board for regulation and supervision of payment and settlement systems (bpss) at its meeting held on 24 september 2009 approved in-principle to issue authorisation to npci for operating various retail payment systems in the country. the reserve bank of india granted authorisation to npci to take over the operations of national financial switch (nfs) from the institute of development and research in banking technology (idrbt) on a ‘as is where is basis’ on 15 october 2009. npci deputed its officials to idrbt hyderabad, and the institute handed over the national financial switch to the npci on 14 december 2009.
national financial switch
bullet::::- 2019: awarded the 'best digital wallet' initiative at the 8th annual indian retail & eretail awards 2019 organised by zee business and the economic times.









































section::::legal challenges.









































on 14 january 2017, icici bank blocked phonepe transactions, citing the reasons that it did not meet the npci guidelines. initially, on 19 january 2017, npci instructed icici to allow upi transactions via phonepe. during this period, airtel too blocked phonepe transactions on its platforms. a day later, on 20 january 2017, npci renounced the previous instructions citing the reason that phonepe indeed violated the upi norms.
phonepe