NPCI provides online transaction routing, processing and settlement services to members participating in UPI.NPCI provides a safe, secure and efficient UPI system and network.NPCI approves the participation of Customer Banks, PSP, Third Party Application Providers (TPAP) and Prepaid Payment Instrument issuers (PPIs) in UPI.This also includes transaction processing and settlement, dispute management and clearing cut-offs for settlement. NPCI prescribes rules, regulations, guidelines, and the respective roles, responsibilities and liabilities of the PSPs and TPAP, with respect to UPI.
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