- The ‘nFiNi’ is a set of services to issue RuPay credit cards by fintech and banks.
- It is a Rupay-based API that will enhance credit card-based products in the country.
- It is basically a banking-as-a-service (BaaS) program as it will grant a wide range of services to fintech and banks to distribute Rupay-based credit cards.
- The ‘nFiNi’ will power RuPay cards by granting necessary facilities through the NPCI network and FirstVisionTM from Fiserv. The FirstVisionTM is a cloud-based open API integration.
- The ‘nFiNi’ will provide services like mobile apps, SMS notifications, digital card provisions, and other payment transactions features.
- Static Part:
- HQ of NPCI: Mumbai
- MD and CEO of NPCI: Dilip Asbe
Question:
a. National Payments Corporation of India
b. Reserve Bank of India
c. Securities and Exchange Board of India
d. Central Depository Services Ltd
