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⍰ ASK What is the role of the National Payments Corporation of India (NPCI) in the electronic money ecosystem?

NPCI is a big deal in India's electronic money scene since 2008. They're like the central hub for different ways people make payments. One cool thing they run is UPI, which lets you transfer money instantly between bank accounts using your phone. It's made sending money to friends and paying at stores super easy.

Besides UPI, they handle other important payment systems like NEFT and IMPS. Basically, they offer a bunch of electronic payment options, making it easier for people to use less cash and join the digital money club.
 

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