Current Affairs   »   NPCI and Fiserv launch ‘nFiNi’ programme

NPCI and Fiserv launch ‘nFiNi’ programme

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National Payments Corporation of India (NPCI) in partnership with Fiserv Inc. to launch the plug-and-play RuPay credit card stack, ‘nFiNi’. nFiNi is a ready stack of services required for fintechs and banks to issue RuPay credit cards and will enable fintech to co-create bank-sponsored credit cards. It is a BaaS (banking-as-a-service) programme.

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About the platform:

  • The nFiNi platform will power RuPay cards (including National Common Mobility Card) by offering access to needed services through the NPCI network combined with FirstVisionTM cloud-based open API integrations from Fiserv.
  • This will bring significant efficiencies for banking and fintech institutions at various levels in terms of operations and customer management. The programme will further enable these institutions to expand their market base to new-to-credit customers.

Important takeaways for all competitive exams:

  • National Payments Corporation of India MD & CEO: Dilip Asbe.
  • National Payments Corporation of India Headquarters: Mumbai.
  • National Payments Corporation of India Founded: 2008.

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