India's real-time digital payments system, United Payments Interface (UPI) has been championed by many nations and institutions for its successful implementation in the country. The international expansion of NPCI will help expand the acceptance of RuPay and UPI that will further empower the Indians to use homegrown payment channels and platforms.
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India's NPCI launches unit to take UPI and RuPay global
The NPCI says several countries have "displayed an inclination" to build real-time payment systems and domestic card schemes inspired by the UPI and RuPay. In response, NPCI International Payments Limited (NIPL) has been set up, led by former Mastercard and Visa exec Ritesh Shukla, who is charged with developing a business strategy to make money by deploying NPCI’s technology in international markets.
