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India and Ghana aim to link UPI and GHIPSS for instant fund transfers. Discussions include MOU, local currency settlement, and AfCFTA benefits. NPCI's UPI may operate on GHIPSS in 6 months. Bilateral trade focuses on gold, cocoa, and cashew nuts.
Indias UPI has already reached countries including Singapore and the UAE.
TECH NEWS : India and Ghana collaborate to enhance money transfers by integrating UPI and GHIPSS. They explore digital solutions, aim for UPI operation on GHIPSS
In terms of number of transactions, the figure declined to 13.30 billion in April from 13.44 billion in the preceding month
By leveraging technology and experiences from India's UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability and connectivity with both domestic and international payment networks, and interoperability.