National Payments Corporation of India (NPCI) Hiring Freshers for Graduate Engineer Trainee
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| NPCI Engineer Trainee |
Post Name: Graduate Engineer Trainee
Educational Qualification:
- B.E/B. Tech and Year of Passing 2022/2023 Pass out
Experience: Fresher
Last Date to Apply Online: 18-October- 2023
🌐How to Apply for NPCI:
Apply Now: Click Here for NPCI
Brief Information:
The National Payments Corporation of India (NPCI) is an important organization in the field of digital payments and financial technology in India. It was established in 2008 as a non-profit organization under the guidance of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA). NPCI plays a pivotal role in modernizing and streamlining the payment systems in India.
About NPCI:
Payment Services: NPCI is responsible for developing and managing various retail payment systems in India. These systems include the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), Bharat Bill Payment System (BBPS), and more.
Unified Payments Interface (UPI): UPI, developed by NPCI, is a real-time payment system that allows people to send and receive money using a mobile phone with ease. It has significantly contributed to the growth of digital payments in India.
Financial Inclusion: NPCI has played a crucial role in furthering financial inclusion in India. Its systems have made banking and payment services accessible to people in remote and rural areas.
Interoperability: NPCI's systems are designed to be interoperable, allowing customers to make transactions across different banks and financial institutions seamlessly.
Government Initiatives: NPCI has been a key partner in various government initiatives such as Direct Benefit Transfer (DBT) and Jan Dhan Yojana, which aim to transfer subsidies and benefits directly to beneficiaries' bank accounts
Global Recognition: NPCI has gained recognition worldwide for its innovative payment systems. UPI, in particular, has been studied and emulated by other countries looking to modernize their payment infrastructure.
Security and Compliance: NPCI is responsible for ensuring the security and compliance of the payment systems it manages. It sets standards and regulations for the industry.
Ownership: NPCI is owned by a consortium of major banks in India. Its board includes representatives from these banks and various financial institutions.