India in Talks With African Nations to Build UPI-like Digital Payment System | Firstpost Africa

India in Talks With Multiple African Nations to Build UPI-like Digital Payment System | Firstpost Africa

India is in talks with several countries in Africa to help them build a digital payment system similar to its homegrown Unified Payment Interface (UPI). The National Payments Corporation of India (NPCI), which runs UPI, is reportedly in talks with at least 20 nations in Africa and South America to build a similar system. Though the authority has not revealed the names of all the nations it signed a deal with Namibia in May to help it build a real-time payment system. Rwanda is another African country with which serious discussions in this regard have happened. India is keen on sharing its UPI expertise with the world after the system's huge success domestically. India's seamless digital transaction method has gained traction globally, with the growing list of nations accepting the payment system. Watch for more.

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