India's NPCI Begins Blockchain Recruitment for Payment Systems Enhancement

The National Payments Corporation of India (NPCI), in collaboration with the Reserve Bank of India (RBI) and Indian banks, is seeking a skilled blockchain technologist to lead and explore opportunities for blockchain integration in modern payment systems. NPCI operates the Unified Payments Interface (UPI), India's instant payment system facilitating interbank transactions. The new hire will identify blockchain-driven solutions, possess technical knowledge of multiple blockchain platforms, and have experience with pilot blockchain projects. UPI's success has attracted global interest, with countries like Singapore, Malaysia, UAE, France, and the UK adopting the UPI payments system.

Job Posting Details

NPCI posted a job (1) on LinkedIn for a head of blockchain with at least six years of blockchain development and implementation experience. The role involves identifying opportunities for blockchain solutions within payment systems.

UPI's Global Influence

The UPI payments system, owned by NPCI, has been adopted to varying degrees by countries such as Singapore, Malaysia, UAE, France, BENELUX countries, Nepal, and the UK. Infusing blockchain into UPI could expose millions of users to blockchain technology, potentially revolutionizing payment systems.

Growing Interest in Blockchain

NPCI's blockchain hiring initiative is likely to expand as viable blockchain use cases are discovered. This recruitment effort reflects the growing interest in blockchain's potential across various sectors, including financial and investigative domains.