To work with different technology service providers, application service providers, and other comparable businesses in the sector, the National Payments Corporation of India (NPCI) has introduced the NPCI Partner Program (NPP).
This innovative project will support the development of fresh products that are more in line with the demands and needs of the modern market. By reducing the time to market and being more open and accessible, it also seeks to improve the retail payments environment.
Through participation in NPCI pilot projects, unique workshops on NPCI goods and services, and market development through community involvement, the program will also serve as a platform for knowledge transfer. It will also make it possible for service providers to collaborate with NPCI on innovative ideas and hasten the development of strategic alliances within the ecosystem, both of which are essential for addressing emerging problems in the dynamically changing market for cashless payments.
Organizations focused on payment technologies from throughout the ecosystem will be invited to participate in the program. Before applying for pre-certification of their tech stack on NPCI platforms, these entities must first be assessed for their suitability and compliance. Participants will have early access to APIs and standards for core development and deployment that are available for testing. Additionally, the program will assist NPCI and partner organizations in exposing their brands to new audiences, resulting in increased recognition.
“We are delighted to launch our new Partner Program which will help connect us with innovative and reliable payments-oriented enterprises. Through this program, we aim to design, co-create and go to market with such enterprises under the NPCI Partner Program. Going forward, we aim to drive newer and evolved solutions for the ever-expanding digital payments market through partnerships,” said Nalin Bansal, chief of corporate, fintech relationships, and key initiatives NPCI.
In addition to creating and promoting “Make in India” businesses, which have been the cornerstone of the development of digital payments in the nation, NPCI is committed to seeing this program through to fruition.
