The African Union defines ‘youth’ as someone between the ages of 15 and 35. With 70% of sub-Saharan Africa's population under the age of 30, Africa has the youngest population in the world. With such
The African Union defines ‘youth’ as someone between the ages of 15 and 35. With 70% of sub-Saharan Africa's population under the age of 30, Africa has
FSS and NIPL Partner to Expand UPI Global Footprint
Tuesday, April 27, 2021 4:55PM IST (11:25AM GMT)
Mumbai, Maharashtra, India: FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payments processor, and NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets.
India is among the first countries globally to launch real-time payments rails, processing close to three billion transactions a month on the UPI network. Several governments and regulators globally, and emerging markets, in particular, are keen on modelling NPCI’s success in building an interoperable, real-time payments infrastructure, supporting the long-term growth of the digital payments’ economy.