Monday, April 22, 2019

NPCI mulls using blockchain solution to strengthen digital payments

NEW DELHI: Payments network NPCI is considering using highly scalable blockchain solution to further strengthen digital payments, which have seen an exponential growth in recent times.

A blockchain or distributed ledger is a continuously growing list of encrypted transactions called blocks. A block may contain any type of data such as unique digital identifiers of physical products

The National Payments Corporation of India (NPCI) is an umbrella organisation for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India and the Indian Banks Association (IBA).

To read the entire article, please visit:
https://economictimes.indiatimes.com/news/economy/finance/npci-mulls-using-blockchain-solution-to-strengthen-digital-payments/articleshow/68872909.cms (Accessed on April 22, 2019)

No comments:

Post a Comment

Have a Say?..Note it down below.

Featured Posts

Top Searches from “IEEE Xplore Digital Library" - 13th September 2024

  The Learning and Information Resource Centre is pleased to inform you about the Top Searches from  "  IEEE   Xplore   Digital Library...