Bow Down Mister

NPCI, The God of Many Things

As India’s digital payments sector explodes in usage, it becomes a battleground for the world’s largest tech companies. And smack in the middle of that fight stands the National Payments Corporation, an entity like no other


The hottest sector for investments, innovation and burning venture money in India aren’t e-commerce, food delivery or ride-hailing. It’s digital payments. From 671 million transactions in Nov 2016 when over 85% of India’s physical currency was summarily demonetised, the volume of digital transactions has grown to over a billion by the end of 2017. The projected market is slated to be $500 billion by 2020. Whether local or international, all the 800-pound gorillas of tech are battling it out for leadership with their own payments products—Flipkart with PhonePe, Google with…

To access this post, you must purchase Monthly Recurring or Quarterly.

Read the full story. Subscribe for free.

Why subscribe? Let us explain.

Already Registered?

Related stories

More stories in /Analysis & /Technology

See all in Analysis & Technology

This story is for subscribers only.
Subscribe for free

Read the full story. Subscribe for free.

Why subscribe? Let us explain.


You will be automatically subscribed to our widely-acclaimed daily story emails. You can also unsubscribe any time.

Already Registered?


What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?


How many stories will I get if I take an annual membership?

200+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.