National Payments Corp of India Flashcards
1
Q
Whose support and guidance was it setup under ?
A
RBI and Indian Banks Association ( IBA )
2
Q
What is it ?
A
It is an umbrella organization for retail payments and settlement systems in India . It is a non profit organization
3
Q
When was it established and under which act ?
A
2008 under Section 8 of Companies Act
4
Q
Who owns it ?
A
Consortium of major banks with 10 core promoter banks
