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NPCI International Partners with Bank of Namibia to Introduce Instant Payment System Similar to UPI

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In a significant step toward enhancing digital transactions, NPCI International Payments Limited (NIPL), the global arm of India’s National Payments Corporation of India (NPCI), has struck a deal with the Bank of Namibia (BoN) to lead the development of an instant payment system akin to India’s Unified Payment Interface (UPI) for Namibia.

“Through this collaboration, BoN will leverage NIPL’s cutting-edge technology and expertise to establish a similar platform in Namibia, aimed at promoting digital financial inclusivity among its populace,” stated NIPL in a press release.

The main aim of this partnership is to introduce real-time person-to-person (P2P) and person-to-merchant (P2M) transaction capabilities within Namibia.

Speaking about the partnership, Ritesh Shukla, CEO of NPCI International, emphasized its potential to provide Bank of Namibia (BoN) with advanced technology and valuable insights from NIPL. This is expected to aid in the development of a similar platform in Namibia, promoting digital empowerment among its people.

This collaboration is in line with NPCI’s broader goal of expanding the UPI infrastructure worldwide. Recent achievements include introducing UPI services in France, Sri Lanka, Singapore, and Mauritius. Moreover, initiatives like the UPI-PayNow connection between India and Singapore demonstrate NPCI’s dedication to facilitating smooth cross-border transactions.

Through this new initiative, NPCI continues to strengthen its position as a leader in transforming digital payments globally.