BENGALURU: Nepal and Bhutan have approached the National Payments Corporation of India (NPCI) seeking collaboration to make use of its digital payments services, NPCI managing director and CEO A P Hota said.
Hota told news agencies on Tuesday that NPCI has sought RBI’s permission for providing service to the neighbouring countries in question. “Nepal and Bhutan are the two countries where specific requests have come for collaboration — means they would like to make use of our digital payments services. They would like us to help them,” he said.
The corporation has suggested country-to-country partnership, and if RBI permits the corporation, they can go ahead with assisting Nepal and Bhutan. Nonetheless, primary focus of NPCI was on the Indian payments card market and it does not have any global ambition to create an international network, Hota added.
The organisation, an umbrella entity for all retail payments system in India which was set up with the support of RBI, has evinced keen interest from private entities such as Goggle, Whatsapp and Facebook for partnership.
Recently, NPCI announced that its RuPay card monthly transaction volume on Point of Sale and e-commerce reached 4 crore valuing at about Rs 5,000 crore during Q1FY 18. The payments corporation is also bullish on achieving the 25 billion digital payments transactions mark in FY18.