NPCI signed an agreement with which African country for UPI-like instant payment services?
Namibia
2024 May
|
|
4.75/5 |
A deal was struck between the Bank of Namibia and NPCI's international division to utilize India's UPI technology and experiences to create an instant payment system for Namibia that is similar to UPI. The partnership seeks to update Namibia's financial landscape by improving affordability, accessibility, and integration with both local and global payment networks. Additionally, it places a strong emphasis on interoperability, which represents a big step forward for Namibia's digital transactions and financial inclusion.