The National Payments Corporation of India (NPCI) has posted impressive financial results for FY24, with revenue climbing 39% to Rs 2,876 crore from Rs 2,065 crore in FY23.
The organization's profits surged by 37%, reaching Rs 1,134 crore. Payment services drove most of this growth, contributing 94% of the revenue, which rose 36.6% to Rs 2,693 crore. NPCI also earned Rs 403 crore from interest on deposits and bonds, bringing total income to Rs 3,279 crore. However, expenses increased significantly by 47.08%