India's NIPL partners with Trinidad & Tobago's Ministry of Digital Transformation to establish a UPI-based digital payments system.

India's NPCI International Payments Limited (NIPL) has partnered with Trinidad and Tobago's Ministry of Digital Transformation to establish a digital payments system based on India's Unified Payments Interface (UPI). This agreement marks Trinidad and Tobago as the first Caribbean nation to adopt UPI, aiming to enhance financial inclusion, reduce cash reliance, and improve transaction efficiency. NIPL also plans to assist other countries in developing similar systems.

September 27, 2024
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