Payments Council of India (PCI) was formed under the aegis of the Internet and Mobile Association of India (IAMAI) in the year 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia to represent the various non-banking payment industry players, and to address and help resolve various industry-level issues and barriers that require discussion and action. The council works with its 140+ members, encompassing over 90% of the industry to promote payments industry growth and to support our national goals of ‘Cash to Less Cash Society' and ‘Growth of Financial Inclusion' which is also the Vision Shared by the RBI and the Government of India. PCI works closely with the regulators i.e. Reserve Bank of India (RBI), Finance Ministry, and any similar government, departments, bodies or Institutions to make ‘India a cash less society'.
Also known as: Payments Council