NPCI is now hiring blockchain talents & leaders to boost digital payment innovations on blockchain technology.
National Payments Corporation of India (NPCI) is an initiative of the Reserve Bank of India (RBI). NPCI’s main initiative is only to create a better ecosystem for digital payment services so that every person can easily use the payment services in different ways as per requirement. Because of NPCI, the payment services became secure & very easy in India.
A week ago, the NPCI agency talked about blockchain technology.
Just recently The NPCI body published a LinkedIn post for job seekers who have talents & deep knowledge in blockchain technology.
As per reports, the NPCI will adopt blockchain technology for its UPI (Unified Payments Interface) payment service. UPI is a top-level payment service in India, which brings banking services to every person in India.
Because of the success of the UPI payment system, many other countries also approached India to adopt this simplest form of payment technology. These countries are Singapore, Malaysia, the United Arab Emirates, France, Benelux countries, Nepal, and the United Kingdom.
Because of the traditional digital technology use, UPI is still running under a limited potential, so if NPCI will introduce blockchain technology in the UPI service then surely it will be able to bring more use cases of UPI with better level of interoperability with other digital payment services.
However, the current ability of the UPI payment system is better than any other payment service in the world but still NPCI is looking to bring a better level of efficiency & stability to this system with the help of 200 new talents.
It is worth it to note that the Indian Central Bank RBI already has huge numbers of blockchain talents. RBI proposed the blockchain technology-powered digital rupee, CBDC, & finally launched the digital rupee in December of last year successfully.