Indian Economy News

NPCI launches program to connect with payments-oriented service providers

  • IBEF
  • October 11, 2022

In order to work with different technology service providers, application service providers, and other comparable businesses in the sector, National Payments Corporation of India (NPCI) has introduced the NPCI Partner Program (NPP).

This innovative project will support the development of new products that are more in line with the demands and needs of the modern market. By reducing the time to market and being more open and accessible, it also seeks to improve the retail payments ecosystem.

Through participation in NPCI pilot projects, unique workshops on NPCI products and services, and market development through community involvement, the programme will also serve as a platform for knowledge transfer.

Organizations all across the ecosystem focused on payment technologies will be invited to participate in the initiative. These organisations will be assessed for their compliance and fitment first, following which they can apply for pre-certification of their tech stack on NPCI platforms.

In addition to developing and promoting "Make in India" enterprises, which have been the cornerstone of the development of digital payments in the nation, NPCI is committed to fructifying this initiative.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.