NPCI Current Affairs 2025: Latest Economic Updates

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The National Payments Corporation of India (NPCI) is a big name in digital payments. In 2025, NPCI made many new changes to help people and businesses use money online easily. From new UPI features to faster payments, NPCI is shaping India’s digital economy.

This blog shares the latest updates, news, and big steps taken by NPCI in 2025. These changes are important for exams and for knowing how India’s money system works. Stay updated with all key highlights about NPCI and its role in making digital payments simple, safe, and fast.

Table of Contents

NPCI in News 2025

June 2025

◾ NPCI & IDRBT Collaboration on Cybersecurity
🔹The National Payments Corporation of India (NPCI) has signed a Memorandum of Understanding (MoU) with the Institute for Development and Research in Banking Technology (IDRBT).
🔹The MoU aims to enhance cybersecurity, resilience, and digital preparedness in the banking and financial services sector through training, certification programs, and threat intelligence sharing.

◾ NPCI Introduces PAN & Bank Account Validation API for Govt. Departments
🔹NPCI has launched a new PAN and Bank Account Validation Application Programming Interface (API) tailored specifically for Government departments.
🔹This API enables real-time verification of PAN details, bank account status, and accountholder name directly from the bank’s Core Banking System (CBS).

◾ NPCI to Launch NACH 3.0 for Faster Settlements
🔹NPCI is set to roll out the National Automated Clearing House 3.0 (NACH 3.0) to streamline and accelerate the settlement of recurring debit transactions.
🔹This upgrade will benefit services like Equated Monthly Installments (EMIs) and Systematic Investment Plans (SIPs).

◾ NPCI International Signs MoU with Eurobank Cyprus
🔹NPCI International Payments Limited (NIPL) has signed an MoU with Eurobank Cyprus to introduce Unified Payments Interface (UPI) services for cross-border transactions.
🔹This initiative will benefit Indian tourists and businesses in Cyprus by enabling seamless digital payments through UPI.

January-May 2025

◾ Razorpay, in collaboration with NPCI BHIM Services Ltd (NBSL) and Axis Bank, has launched the “Razorpay Turbo UPI plugin” on the BHIM Vega platform, aimed at enhancing seamless UPI payment experiences for businesses and users.

◾NPCI extends deadline for 30% market share cap on UPI providers to December 31, 2026.

◾ NPCI International Payments Ltd (NIPL) partners with Magnati to enable UPI payments for Indians visiting the UAE.

National Payments Corporation of India (NPCI) in News 2024

October-November-December 2024

NIPL Partners with Trinidad and Tobago: NPCI International Payments Limited (NIPL) partnered with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform like India’s UPI.

NPCI International Payments Ltd (NIPL) Signs MoU with Egov Jamaica: NPCI International Payments Limited (NIPL) signed an MoU with Egov Jamaica Limited to help Jamaica adopt India’s UPI technology for improved digital payment solutions.

NBBL Partners with PFRDA: NPCI Bharat BillPay Limited (NBBL) collaborated with the Pension Fund Regulatory and Development Authority (PFRDA) to integrate the National Pension System (NPS) as a biller category on the Bharat Connect platform.

August – September 2024

The National Payments Corporation of India (NPCI) has announced the introduction of ‘BBPS’ for Business, where BBPS stands for Bharat Bill Pay System.

According to the report ‘Enabling Digital Payments For Women in India’ by the UPI for Her initiative, 57% of 2,500 women entrepreneurs surveyed were unaware of UPI-based merchant offerings. The initiative is a collaboration between NPCI and Women’s World Banking (WWB), New York.

As per recent information shared by the National Payments Corporation of India (NPCI), C-Edge Technologies Ltd has potentially been compromised by a ransomware attack.

National Payments Corporation of India (NPCI) has launched a wallet for inbound travelers visiting India from across the world, named UPI One World.

NPCI has incorporated Bharat Interface for Money (BHIM) as a wholly-owned subsidiary, now known as NPCI-BHIM Services Ltd (NBSL), with Lalitha Nataraj appointed as the CEO.

NPCI has launched a new feature called UPI Circle on its Unified Payments Interface (UPI) platform to enhance convenience and security in digital transactions across India.

January to July 2024

NPCI International Payments (NIPL) signed an agreement with Qatar National Bank (QNB) to launch QR-code-based UPI payments across West Asia.

Ajay Kumar Choudhary has been appointed the non-executive chairman and independent National Payments Corporation of India (NPCI) director.

NPCI has partnered with the Indian Institute of Science (IISc), Bengaluru, to research blockchain and artificial intelligence (AI).

NPCI International Payments (NIPL) has partnered with the Fonepay Payment Service for cross-border UPI transactions between India and Nepal.

RuPay has collaborated with the National Payments Corporation of India (NPCI) to introduce the ‘Link it, Forget it’s campaign.

NPCI International Payments Limited (NIPL) has signed a pact with the Central Bank of Namibia to develop a Unified Payments Interface (UPI) like an instant payment system.

Peru has partnered with NPCI International Payments Ltd (NIPL) to become the first South American country to introduce a UPI-like real-time payments system.