NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & ServicesUnified Payments InterfaceUnique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address'​ as a payment identifier for sending & collecting money & works on single click 2 factor authentication.Immediate Payment ServiceA 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India.RuPayRobust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs.*99#USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing HouseCentralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment SystemBank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYCElectronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation SystemElectronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial SwitchFacilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity.