Dynacons, a leading IT infrastructure provider, has been announced as the chosen vendor for upgrading the National Payments Corporation of India’s (NPCI) IT infrastructure. This is a significant move for NPCI as it looks to improve its technological capabilities to meet the demands of its growing business.
NPCI is an umbrella organization for operating retail payments and settlement systems in India. It was established in 2008 and has been at the forefront of India’s digital payment revolution. With the rise of digital transactions in the country, NPCI has seen a tremendous increase in its business, and it is now looking to revamp its IT infrastructure to support its growth.
Dynacons has been selected by NPCI to provide end-to-end solutions for its IT infrastructure, including hardware, software, and maintenance support. The contract is for a period of three years and is estimated to be worth over Rs. 50 crores. This partnership between Dynacons and NPCI is a significant milestone for both organizations and is expected to bring immense benefits for NPCI in terms of technology and business growth.
As part of the upgrade, Dynacons will be implementing the latest technologies, including virtualization, cloud computing, and data security solutions, to enhance NPCI’s IT infrastructure. These technologies will help NPCI to improve its efficiency, reduce costs, and provide a more secure platform for digital transactions. With Dynacons’ expertise and experience in IT infrastructure management, NPCI can expect a smooth and seamless transition to its upgraded systems.
The need for an upgraded IT infrastructure for NPCI is crucial, considering the organization’s role in India’s digital payment ecosystem. NPCI is involved in the operation of several critical payment systems, including Unified Payment Interface (UPI), National Automated Clearing House (NACH), and RuPay cards. These payment systems have seen exponential growth in recent years, and with NPCI’s vision to process 30 billion digital transactions by 2021, it was imperative to have a robust IT infrastructure in place.
The upgraded IT infrastructure will not only support NPCI’s current operations but will also prepare it for future advancements in the digital payment landscape. As India moves towards becoming a cashless economy, NPCI will play a crucial role, and with Dynacons’ support, it is poised to become a technology leader in the digital payment space.
Speaking about the partnership, Mr. Balasubramanian Iyer, CEO & MD of Dynacons, said, “We are thrilled to be chosen as the IT infrastructure provider for NPCI. Our team is committed to delivering the best-in-class solutions to NPCI, which will help them in their business growth and technological advancements. We are confident that our partnership with NPCI will be a successful one, and we look forward to a long-term association.”
The announcement of Dynacons as the chosen vendor for NPCI’s IT infrastructure has been well received by industry experts. Many have hailed it as a positive step towards strengthening India’s digital payment infrastructure. With NPCI’s growing business and Dynacons’ advanced technology solutions, this partnership is sure to bring immense benefits to the Indian digital payment landscape.
This move by NPCI also aligns with the Indian government’s Digital India initiative, which aims to transform the country into a digitally empowered society and knowledge economy. With the upgraded IT infrastructure, NPCI will be able to contribute significantly towards achieving this goal.
In conclusion, NPCI’s decision to upgrade its IT infrastructure with Dynacons is a testament to its commitment towards providing seamless and secure digital payment services in India. With this partnership, NPCI is all set to pave the way for a technology-driven future and strengthen its position as a pioneer in the digital payment space.
