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Now you can use UPI apps in Bhutan for online payments
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Bhutan first country to adopt UPI; FM hails platform s role during lockdown
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NPCI arm to extend BHIM UPI payments system to Bhutan
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Commenting on the partnership K. Srinivasan, COO, PayTech, FSS, stated: “Worldwide the drive towards real-time payments is gaining momentum, with many countries embarking on modernization of payments infrastructure to broad-base the benefits of the digital economy. We are excited to partner with NIPL to bring a proven, best-in-class real-time payment offering that will speed innovation and adoption of digital commerce and have a wide-ranging economic impact. The implementation of real-time payments is complex as flavors differ across regions. The collaboration confirms FSS expertise and capabilities in delivering world-class payment infrastructures and services at scale around the world.”
Speaking on the partnership Ritesh Shukla, CEO, NIPL, said: “At NIPL, we are dedicated to take our exemplary robust payments system to global markets and equip willing nations with resources and technological proficiency. FSS is a demonstrated leader in payments and its domain expertise combi
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FSS and NPCI International Payments to expand UPI rails internationally 5 hours ago
Source: FSS 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, supportin