14th April, 2019
In order to strengthen digital payments, the Indian National Payment Corporation (NPCI) is looking at the use of the blockchain solution at a macro level. The corporation has issued a tender (express of interest) in this regard. According to a recent report by PwC, India will be the world leader in Blockcon by 2023.
Multiple payments increased in digital payments-
In a notification, the corporation said, "NPCI wants to develop a flexible, real time and mass-level Blockchain solution. It is proposed to develop this solution using Open Source Technology / Framework / Solution. "It is significant that digital payments have seen multi-fold increase in recent times.
Explain that NPCI is the top organization of all retail payment solutions in the country. It was created with the support and cooperation of the Reserve Bank and the Indian Bank organization. The country's 10 banks are its promoters and it has 56 bank shareholders.