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NPCI, contrary to what the name seems to imply, is not a government company or organization. It’s a consortium of government and private banks (including the li
by wtmt 7y ago
NPCI, contrary to what the name seems to imply, is not a government company or organization. It’s a consortium of government and private banks (including the likes of foreign banks like Citibank and HSBC). Its payment services are allowed by the RBI. Neither is the BHIM app a government app. It’s an NPCI app.
- zuron7 7y agoAh, seems that you are right. The government doesn't own it, but sure does seem to have a controlling stake through the Public Sector Banks.