From UPI Circle to Bharat BillPay, NPCI solutions shine at GFF 2024

By Gloria Methri

At the Global Fintech Fest 2024, the National Payments Corporation of India (NPCI) unveiled its cutting-edge digital payment products and innovations, offering a glimpse into the future of finance in India.

With a pavilion themed ‘Blueprint for the Next Decade of Finance: Responsible AI, Inclusive, Resilient’, NPCI demonstrated its pivotal role in transforming the country’s payment landscape.

Each section of the pavilion was designed to immerse visitors in NPCI’s latest advancements. Attendees from across the globe engage with interactive displays featuring UPI, RuPay, Bharat BillPay, and NPCI International, showcasing how these technologies are shaping the future of digital payments.

Prime Minister Narendra Modi and Reserve Bank Governor Shaktikanta Das visited the event, and both were impressed by NPCI’s role in advancing the country’s digital payment ecosystem.

UPI Zone

This zone demonstrated innovations like UPI Circle, which allows UPI users to delegate payments to their trusted secondary users. It also showcased enhanced credit features on the BHIM app, allowing

visitors to interact with cutting-edge payment solutions. The UPI ATM, a key attraction, offered a glimpse into the seamless integration of cash deposits and withdrawals with UPI, revolutionising traditional banking interactions.

Developed by NPCI, the Unified Payments Interface (UPI) is a real-time payment system that facilitates person-to-person (P2P) and person-to-merchant (P2M) transactions.

RuPay Zone

Designed as a bus to symbolise the mobility and accessibility of RuPay’s offerings, this zone featured National Common Mobility Card (NCMC) technology along with a dispensing machine where visitors could seamlessly get their RuPay NCMCs issued. Furthermore, attendees could acquire any in-trend payment accessories that go beyond the traditional card as a form factor directly from the RuPay On-The-Go (OTG) vending machines, showcasing the ease and convenience of RuPay’s latest innovations.

Developed by NPCI, RuPay is a global card network from India that is widely accepted at shops, ATMs, and e-commerce sites in India and abroad.

Bharat BillPay and NPCI International Zones

These areas highlighted NPCI’s commitment to expanding the reach of digital payments, both within India and internationally. NPCI Bharat BillPay demonstrated the next generation of bill payment solutions like Bharat BillPay for Business, while NPCI International showcased how India’s digital payment infrastructure is making waves globally.