Fintech

NPCI bets on APIs to counter NUE blues

Pratik Bhakta

March 09, 2021 | 4 Min Read

The digital payments platform wants to woo startups with a plug-and-play platform that will also allow it to be a part of future innovations in fintech

The National Payments Corporation of India is building a technology platform that will allow startups to test their fintech software integrations before taking them live. But that’s not what this is just about.

After more than a decade as India’s flagship payments platform, NPCI is bracing for competition from the likes of Google, Amazon, and Facebook that, according to reports, want to launch similar frameworks called ‘New Umbrella Entities’.

Read this article for free

In addition, access 50+ archived articles and 3 new articles every month

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

How Indian cities spend: The differences, similarities, and quirks in between

There is a sharp contrast between the spending behaviour of people across India’s seven big cities. A closer look at the Household Consumption Expenditure Survey 2023-24 shows that.

Team Captable

Flipkart’s tricky math of wooing budget shoppers

The Walmart-owned ecommerce giant is betting it can chase India’s price-sensitive masses and profitability at the same time, but its strategy of slashing fees and controlling seller pricing is creating fresh tensions

Pranav Balakrishnan

India’s Mobile Gaming Boom: All Play, No Pay?

Indians downloaded a staggering 8.45 billion mobile games in FY25, but generated in-app revenues of only $400 million. The country has more than half a billion gamers today, but monetisation remains a challenge. Homegrown game publishers are now looking overseas to extract more revenue per user.

Sohini Mitter

CBDC corridors: How India can redefine global trade with fintech at the helm

India's fintechs could unlock billions in global trade by building digital currency corridors, cutting bank fees and creating faster cross-border payments worldwide.

K Yatish Rajawat

VerSe, Builder.ai, and the cloud deal that made Microsoft rethink its approach

Microsoft’s investment in VerSe Innovation was intended to secure a long-term Azure customer. Instead, it led to a strained relationship—one that has prompted a reassessment of how Microsoft structures its strategic cloud deals.

Team Captable

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

Stories

Explore