NPCI To Revamp Tech Infra To Support 1 Bn Daily Transactions
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India, Feb. 18 -- Amid the surge in digital payments, the National Payments Corporation Of India (NPCI), is now looking to revamp its technology infrastructure for all its payment channels, including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Aadhaar-enabled Payment System (AePS) and National Automated Clearing House (NACH).
The NPCI is looking to upgrade these systems and complete migration by the end of 2021 as it expects to process over a billion transactions per day. The new infrastructure will also support bigger scales in the future, sources close to the development told the Economic Times.
Further, the report said that the payments authority is working on migrating AePS and IMPS services to the new system...
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