Consider the following statements about the NPCI's

Solution

Statements I and III are correct. Statement II is incorrect as NPCI has engaged in other international collaborations. ·       NPCI International Payments Ltd . ( NIPL ) , the international division of the National Payments Corporation of India ( NPCI ) , has entered into an agreement with the Bank of Namibia to assist in developing an instant payment system similar to India's Unified Payment Interface ( UPI ) for Namibia . ·       This partnership aims to modernize Namibia's financial ecosystem by leveraging the technology and expertise developed through India's UPI system . ·       Such international collaborations highlight the expansion of Indian digital payment systems globally , it underscores India ’ s role in influencing global financial technology and cooperation . Learn Along : About NPCI ·       National Payments Corporation of India ( NPCI ) , an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India ( RBI ) and Indian Banks ’ Association ( IBA ) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India . ·       MD & CEO : Mr . Dilip Asbe