India in talks with countries in LatAm, Africa for UPI, RuPay

India is in talks with several South American and African nations for introducing Unified Payment Interface (UPI) and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said.

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This initiative is being pursued by the National Payments Corp of India (NPCI), which developed the UPI platform as well as Rupay, and the RBI.

“The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms," the official said.

In August, Mint reported that India was holding discussions with Namibia, Mozambique and Kenya to enter into commercial partnerships for launching UPI in the markets.