Current Affairs - Persons - Discussion

National Payments Corporation of India (NPCI) appointed Biswamohan Mahapatra as non-executive chairman. He has been appointed for two years term and he succeeds B Sambamurthy who was the interim chairman. Last month NPCI had appointed Dilip Asbe as its managing director and CEO. National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007