Question : Who is Chairman of National Payments Corporation of India (NPCI) ?
a) Mr. Ajay K Khurana
b) Dr. Deepak Kumar
c) Mr. Biswamohan Mahapatra
d) Prof. Umesh Bellur
Ans :a
Related Facts :
- January 27, 2022: In a strategic move to further strengthen the payment solutions business, TerraPay, a leading global payments infrastructure company has signed a Memorandum of Understanding (MOU) with NPCI International Payments Limited (NIPL)
- Unified Payments Interface (UPI) is an instant real-time payment system developed by NPCI facilitating inter-bank peer-to-peer and person-to-merchant transactions.
- Mr. Ritesh Shukla, CEO, NIPL shares his views, “India is the largest recipient of cross-border remittances, receiving over US$ 80 Billion per annum.
- Globally, TerraPay processes payouts into 4.5Bn+ bank accounts and 1.5Bn+ mobile wallets.
- About TerraPay :
- TerraPay delivers a mobile-first international payment network.
- TerraPay interconnects financial services providers, mobile wallet service providers, money transfer operators, banks and payment platforms to create a “one network” for secure and seamless transnational movement of funds.
- Terrapay Headquarter In Netherlands
- About NPCI :
- NPCI International Payments Limited (NIPL) was incorporated on April 3, 2020 , as a wholly-owned subsidiary of National Payments Corporation of India (NPCI).
- As the international arm of NPCI, NIPL is devoted to the deployment of NPCI’s indigenous, successful Real-Time Payment System – Unified Payments Interface (UPI) and Card Scheme – RuPay, outside of India
- . NPCI has successfully developed and proved its product and technological capabilities in the domestic market by transforming the payment segment in India.
- It will not only enable payment for Indians but also uplift other countries by enhancing their payment capabilities through technological assistance, consulting, and infrastructure.
By Pawan Mishra