NPCI Posted ₹773 Crore Profit in FY22
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NPCI posted Rs 773 Cr profit in FY22
They Built & Manage India’s Payments Systems & Innovative Financial Products
• IMPS
• UPI
• BHIM
• NACH
• RuPay
• AePs
• FASTag
• BBPS & More
Operating Revenue Stands at ₹1629.5 Crore
1. NPCI - Revenue & Profit Generating Machine
Ideally an Inspiration for Indian FinTechs
2. NPCI Mostly Makes Money From Income Earned through Payments Services (96.1%)
3.Expenses Breakdown
Interestingly, NPCI do spend on Advertising & Promotions, RuPay Credit Card Incentive is Surprising
FYI - NPCI spent ₹0.53 to Earn a Single Unit of Operating Revenue in FY22
Backed by a cohort of 66 shareholders including public sector banks, private banks and other players in the financial services sector, NPCI certainly delivers as an investment to its stakeholders. However, its performance as a partner that oversees some of the biggest innovations in the sector is up for debate, considering how ‘stingy’ it has been when it comes to allowing profits to be made on these innovations.
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Sorry I forgot npci and upi and rupay is a product of congress era. Full support.
Previously two US baked giants like Visa & MasterCard doing duopoly,
Nobody said a single thing
Now an Indian company making great progress and people giving this kind of statement
Today, the US govt has a big hand behind the success of Visa and Mastercard.
Before 2008, Visa and Mastercard were non profit company, same like NPCI in India.
Today, if the US govt wants to impose sanctions on any country, it does so with the help of Visa, Mastercard, Diners club, AMEX and SWIFT.
Just few days ago, Uday Kotak said the status of American dollar as a reserve dollar gives it power to regulate international trade, putting other countries in a dependent position while transacting.
@babayanga5
Truth has been spoken.
@abhishek012 Rupa lover do something. my Rupay cards are being unused for whole 1 month.
+🔥 Afaik this profit is not true economic profit let me explain.
Govt / regulators enabled a lot of these txns at subsidised rate to encourage and build this stack.
So essentially eco-system players are taking hit to their P&L instead of hit to NPCI P&L. Essentially loading costs onto their individual P&L and not common P&L.
And since many large players in eco-system are in fact shareholders of NPCI, they are okay with it.
It is something like partners of startup not taking salary to show venture as (more) profitable.
Still a Good News
It is need of the hour for NPCI to grow with much more pace and spread across the world
FYI - NPCI spent ₹0.53 to Earn a Single Unit of Operating Revenue in FY22
Out of this Rs.0.53, dimers are responsible for Rs.0.50 via amazon wallet Friday offer.
And most of these transactions were money rotations only by transferring back to bank by Amazonpay upi. With 20% instant discount and UPI transfer offers, it's impossible to generate any profit from this business model. It's the banks issuing Rupay cards, who have absorbed the financial hit of deep discounts and NPCI charges/profit. The turnover from Rupay ecom and POS transactions is still negligible in its overall financials, nowhere close to challenging monopoly of VISA & MASTER networks
https://www.linkedin.com/posts/activity-7057561...
More details on the financial eco systems
NPCI has really made great innovation in Indian Market. This is really a revolutionary considering its growth in the past 2,3 years
More power to innovation.
Time to boycott UPI and rupay. All crony capitalism of modi.