NPCI seeks nod for 'techfin' unit at GIFT City to take UPI, RuPay rails cross-border
NPCI has applied under IFSCA's 2025 TechFin rules to set up a 474 sq m unit at GIFT City staffed by 25 professionals, extending India's payment rails beyond domestic operations into cross-border financial innovation alongside IT majors like Infosys, Wipro and HCL.
NPCI, operator of UPI, RuPay and Bharat BillPay, has applied to set up a techfin unit at GIFT City under IFSCA's 2025 TechFin regulations, expanding India's payment-rails infrastructure beyond domestic operations into cross-border financial innovation.
Why this matters
The GIFT City bid deepens NPCI's global push after UPI went live in Cambodia unlocking 4.5M KHQR merchants and the ₹2 lakh cap lift in Europe widened acceptance to eight more countries.
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