NPCI plans to build five lakh sq ft office space in Mumbai’s BKC, ET RealEstate


<p>representative image</p>
representative image

The National Payments Corporation of India is looking to create a 5 lakh sq ft space in the Bandra Kurla Complex business district, a top official said on Friday. Its chief executive Dilip Asbe said the building will be able to accommodate about 5,000 people and will take about three years to build.

The body, which handles a bulk of the payments system in the country including the very popular UPI and NEFT, has a rented place in BKC acting as its headquarters and two other offices in suburban Jogeshwari and Goregaon.

There will also be consolidation of staff into the headquarters, Asbe said, adding that about 1,000 employees of NPCI‘s over 2,000 employees are based in the city.

He said the work being done on artificial intelligence will make it pertinent to have more seats, for which the new facility will be useful.

It can be noted that in October last year, the Mumbai Metropolitan Region Development Authority had allotted a commercial plot in BKC, which also houses offices or headquarters of Sebi, SBI, ICICI Bank, Citibank and a host of other financial sector entities.

Meanwhile, Asbe said that the credit on Unified Payments Interface (UPI) platform is growing very fast, and pointed out that about 8 per cent of the overall credit card spends are going through the NPCI-operated platform.

The Rupay gateway accounts for 16 per cent of the spends on credit cards, and half of them are happening through the UPI platform, he said.

  • Published On Feb 28, 2025 at 08:27 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App




Source link

  • Related Posts

    What Compass would be acquiring in a BHHS deal

    Right now, the industry will wait for that letter of intent signed by both parties to confirm the rumor. In the meantime, industry experts speculate on the potential impact and…

    10 Tips on How to Create a Gallery Wall

    You know that blank wall in your home that feels like a missed opportunity to show off your style and precious mementos? Maybe you’ve thought about creating a gallery wall…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Kier breaks ground on Southampton lecture block

    Kier breaks ground on Southampton lecture block

    Level crossing removals ramp up in Newport

    Level crossing removals ramp up in Newport

    What Compass would be acquiring in a BHHS deal

    What Compass would be acquiring in a BHHS deal

    New appointees for Western Sydney Airport Board

    New appointees for Western Sydney Airport Board

    10 Tips on How to Create a Gallery Wall

    10 Tips on How to Create a Gallery Wall

    The Decline of Trade Craft – Where Have We Gone Wrong?

    The Decline of Trade Craft – Where Have We Gone Wrong?