fbpx 54094-001: Promoting Regional Partnerships for Adoption of Fintech and Digital Payments Systems: Institutional Support for National Payments Corporation of India | Asian Development Bank

India: Promoting Regional Partnerships for Adoption of Fintech and Digital Payments Systems: Institutional Support for National Payments Corporation of India

Sovereign (Public) Project | 54094-001 Status: Proposed

The proposed knowledge and support technical assistance (TA) aims to provide institutional support to the National Payments Corporation of India (NPCI) in accelerating adoption of digital payments and promoting financial technology (fintech ) cooperation across Asia.

Project Details

Project Officer
Jeong, Hoe Yun South Asia Department Request for information
Country
  • India
Sector
  • Finance
 
Project Name Promoting Regional Partnerships for Adoption of Fintech and Digital Payments Systems: Institutional Support for National Payments Corporation of India
Project Number 54094-001
Country India
Project Status Proposed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming No gender elements
Description The proposed knowledge and support technical assistance (TA) aims to provide institutional support to the National Payments Corporation of India (NPCI) in accelerating adoption of digital payments and promoting financial technology (fintech ) cooperation across Asia.
Project Rationale and Linkage to Country/Regional Strategy While the government has promoted an enabling climate for the fintech industry including deepening international transactions, a dynamic policy and regulatory architecture will need to match the speed of innovation in this sector. Upgrading the existing techno-legal expertise is pivotal to NPCI for not only ensuring compliance with evolving domestic regulations but also for advancing its international engagements with other nodal fintech agencies operating in other countries.
Impact Seamless digitization of payments accelerated (Digital India Program)
Outcome Regional partnerships and collaborations that facilitate adoption of fintech-based digital payments systems established
Outputs

Development plans for promoting cross-border digital payments by NPCI created.

NPCI institutional capacity improved.

Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Jeong, Hoe Yun
Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Timetable
Concept Clearance 28 Apr 2020
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 29 Apr 2020

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Tenders

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Contracts Awarded

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Procurement Plan

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