The open source platform helped transform the technology landscape of the National Payments Corporation of India (NPCI) by bringing flexibility while reducing downtime, costs and dependence on third-party vendors, a company executive said on Monday.
NPCI, the umbrella organisation for all retail payment systems, has built products such as Unified Payments Interface (UPI), RuPay, IMPS, and FASTag.
Although it started by outsourcing its business operations to third-party vendors, the not-for-profit company has been shifting to open source technologies for the past six years. Open source software is a code designed to be publicly accessible—anyone can see, modify, and distribute the code according