National Payments Corporation of India (NPCI) has increased its paid-up capital from Rs.100 crore to Rs. 137 crore by broad-basing its stakeholder base of various public and private sector banks.
“This is no longer a speculation. The paid-up capital has gone up from Rs. 100 crore to Rs. 137 crore by broad-basing our stakeholder base of our current set of private and public banks,” NPCI Chairman M. Balachandran told PTI on the sidelines of the Unified Payment Interface Hackathon organised by NPCI here.
Mr.Balachandran also said the RuPay version of credit cards will be rolled either in June or July this year.
“By June-July, we will roll out RuPay version of credit cards,” he said.
Earlier, Mr.Balachandran said the NPCI had an authorised paid-up capital of Rs. 100 crore, shared by 10 banks.
