NPCI floats entity to test global markets for UPI; infuses Rs 50 Cr
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The National Payments Corporation of India or NPCI has floated a new entity, NPCI International, to explore the possibility of taking its highly successful digital payments railroad Unified Payment Interface or UPI to global markets. NPCI has been gearing up for overseas expansion since late last year. The formation of a separate entity has come at a time when UPI has been breaking all previous records in terms of transactions.