Canara ai1Pe Gets NBSL’s Plugin-Based UPI
Why in the news
Canara Bank has joined hands with NBSL to build UPI payments into its own app, Canara ai1Pe, using a plugin-based solution.
Key facts
- Partners: Canara Bank and NPCI BHIM Services Limited (NBSL).
- NBSL’s parent: National Payments Corporation of India (NPCI).
- App: Canara ai1Pe.
- UPI use is open to Canara Bank customers and also to non-customers.
- The service is meant to be secure, compliant and scalable.
About NBSL’s plugin-based UPI model
| Aspect | Detail |
|---|---|
| Design | A technology layer plugged into a bank’s existing app |
| Gains | Quicker feature rollouts, regulatory compliance, uniform UPI experience |
| Vision | Matches NPCI’s aim of standardised, secure and scalable digital payments |
Exam angle
- Full form: NBSL = NPCI BHIM Services Limited.
- Bank and app: Canara Bank, Canara ai1Pe.
- Technology: UPI via a plugin.