NPCI contemplating methods to tighten non-compete clauses to contracts of senior, mid-level staff

A supply inside NPCI stated that the attrition charge inside the fee company is far decrease than the business.

Synopsis

“The payments corporation is offering retention bonus to senior staff and has taken a legal opinion on whether they can enforce the non-compete clause in their contracts if they join rival NUE entities,” stated an official, who didn’t need to be named because the talks are personal.

Mumbai: The National Payment Corporation of India (NPCI) is contemplating methods to tighten and widen non-compete clauses and retention bonuses to the contracts of a number of senior and mid-level staff forward of the entry of rival personal gamers underneath RBI’s new umbrella entity (NUE) framework.The Mumbai-based nonprofit, credited with growing key digital fee networks resembling Unified Payments Interface (UPI) and RuPay, faces a rise in

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