About PCI, NPCI, FCC
Payments Council of India, Started in the year 2008, the Payments Council of India (PCI) was converted into a council with its governing board in the year 2013. PCI is the leading industry association representing the diverse ecosystem of digital payment providers in India. As a non-profit organization, PCI aims to drive the growth and development of the payments industry, foster collaboration among stakeholders, and promote a secure, efficient, and inclusive payments ecosystem.
With a membership base consisting of payment networks, payments aggregators, PPI issuers, payments banks, payment service providers, and other key non-bank players, PCI serves as a unified voice for the industry, advocating for policies and regulations that facilitate innovation, consumer protection, and industry best practices.
PCI plays a pivotal role in shaping the future of digital payments in India by facilitating knowledge sharing, industry research, and thought leadership. Through various initiatives, events, and working groups, PCI fosters dialogue, promotes industry standards and addresses emerging challenges to ensure a vibrant and resilient payments landscape.
As the payments industry continues to evolve, the Payments Council of India remains dedicated to driving innovation, fostering trust, and unlocking the full potential of digital payments By collaborating with policymakers, regulators, and other stakeholders.
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National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. NPCI has created a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC Fastag) and Bharat BillPay.
NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.
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Established in 2018, the Fintech Convergence Council (FCC) is an industry body representing the collective voice of fintech companies in India. Since its inception, FCC has evolved into a leading platform with a diverse membership of over 200 fintech entities across key segments including digital lending, wealth, insurance, digital financial services, RegTech, and credit bureaus.
FCC's core mission is to address sector-specific challenges and provide a unified platform for dialogue within the broader BFSI (Banking, Financial Services, and Insurance) ecosystem. The council actively engages with regulators and policymakers to help shape progressive policy frameworks and promote a balanced approach to innovation and compliance.
In addition to policy advocacy, FCC also focuses on knowledge sharing, strengthening consumer education, and promoting responsible finance through awareness-building initiatives on customer protection, digital literacy, and best practices in fintech.
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