United Payments Interface (UPI) | RBI progresses with internationalization of UPI, aims to link with multiple countries
Countries, including Japan, a few from the West, interested in UPI linkages: RBI
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Countries, including Japan, a few from the West, interested in UPI linkages: RBI
The RBI has also proposed to enable 'Conversational Payments' on UPI.
On UPI linkages with more countries, the deputy governor T Rabi Shankar told reporters that "such integration has already been done with Singapore. And recently we signed an agreement with the UAE's payment system Integrated Payment Platform (IPP) to link UPI with their payment system.
The Reserve Bank on Thursday said the internationalization of the unified payments interface (UPI) system is a work in progress as it works towards linking it with more and more overseas counterparts, including some in the West and Japan.
The group teams up with Rapyd and General Catalyst, to develop an integrated payment platform for the continent.