\u00a0In an endeavour to serve the customers better, National Payments Corporation of India (NPCI) has launched Unified Payments Interface (UPI) 2.0. Dr. Urjit Patel, Governor, Reserve Bank of India, Nandan Nilekani, Advisor \u2013 Innovation, NPCI, Rajnish Kumar, Chairman, State Bank of India launched the service in the presence of Biswamohan Mahapatra, Non- Executive\u00a0Chairman, NPCI, Dilip Asbe, MD & CEO, NPCI and senior bankers from the industry.<\/p>\n
Dilip Asbe, MD & CEO, NPCI\u00a0said, \u201cWe are happy to witness the revolution brought about by UPI in the last two years. Large number of banks, merchants, third-party players and consumers trusted this platform which resulted in substantial growth in terms of volume and value of transactions since its inception. With the launch of UPI 2.0 we hope to touch new milestones by expanding UPI\u2019s presence especially in person-to-merchant payment space.\u201d<\/p>\n
Nandan Nilekani, Advisor \u2013 Innovation, NPCI\u00a0said, \u201cUPI is a path breaking innovation that is unprecedented globally. Its high volume, low cost and highly scalable architecture built on an open source platform is key to India\u2019s transformation to a digital payment economy.\u201d<\/p>\n
Rajnish Kumar, Chairman, State Bank of India\u00a0said, \u201cNPCI has played a stellar role in enabling various payment platforms. From launching a card payment settlement system that competes with Visa and MasterCard to setting up a platform to facilitate instant money transfer service, NPCI has been moving from one success story to other. The success story of UPI has been acknowledged across the world with other countries trying to emulate similar solutions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0In an endeavour to serve the customers better, National Payments Corporation of India (NPCI) has launched Unified Payments Interface (UPI) 2.0. Dr. Urjit Patel, Governor, Reserve Bank of India, Nandan Nilekani, Advisor \u2013 Innovation, NPCI, Rajnish Kumar, Chairman, State Bank of India launched the service in the presence of Biswamohan Mahapatra, Non- Executive\u00a0Chairman, NPCI, Dilip […]<\/p>\n","protected":false},"author":3,"featured_media":1648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1072],"class_list":["post-1647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-unified-payments-interface"],"aioseo_notices":[],"yoast_head":"\n