The National Payments Corporation of India (NPCI) is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India. Its mission is to provide every citizen of the country with a payment system that is simple, secure, and efficient. NPCI is the primary architect of the Unified Payments Interface (UPI), the RuPay card scheme, the Immediate Payment Service (IMPS), and the Bharat Interface for Money (BHIM) application, which have collectively revolutionized digital payments in India.