NPCI disconnects C-Edge Tech from retail payments after alleged ransomware attack

The National Payments Corporation of India (NPCI) has disconnected all forms of retail payment services offered by C-Edge Technologies after the company allegedly came under a ransomware attack two days ago.

The Mumbai-based technology company primarily offers payment services to regional rural banks and cooperative banks. C-Edge is a joint venture between software major TCS and the State Bank of India.

Taking to X (formerly Twitter), NPCI said: “To prevent a larger impact on the payment ecosystem, NPCI has temporarily isolated C-Edge Technologies from accessing the retail payment systems operated by NPCI.”



Due to this move, customers of all the banks which are powered by C-Edge Technologies will not be able to access retail payment services like UPI, IMPS, and those provided by NPCI.

“In terms of overall volume impact it will be less than 1%, but NPCI had to isolate its systems to ensure the larger banking ecosystem is safe,” said a senior banker in the know. “The restoration work has already started. The banks should come back online by tomorrow”

Data from Tracxn shows that C-Edge Technologies had reported an operational revenue of Rs 355 crore in FY23 with a net profit of Rs 85 crore. The company provides payment technology, core banking systems and compliance solutions for banks.