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flag NPCI plans a new 5,000-person R&D center in Mumbai to expand its UPI payments platform globally.

flag The National Payments Corporation of India (NPCI) is expanding its presence in Mumbai's Bandra Kurla Complex (BKC) by building a new 5,000-person R&D center and headquarters. flag This move supports NPCI's global growth strategy, particularly for its Unified Payments Interface (UPI) platform, which processed 16.9 billion transactions in January. flag The company aims to expand UPI to 20 countries by 2029, currently operating in seven.

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