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National Payments Corporation of India (NPCI) NPCI was set up in 2008. It is a 'Not for Profit' company, which was set up in 2008 as an umbrella organization for all retail payments systems in India. It was set up with the guidance and support of (RBI) and the Indian Banks’ Association (IBA). Initially, the shareholding was for 10 banks, it was diversified to 56 banks. Objectives To co
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