NPCI eyes Africa, South America for digital payment push via UPI: CEO

India is in talks with countries in Africa and South America to help them build a digital payments system using its homegrown Unified Payments Interface (UPI) as a blueprint and expects two launches by early 2027, a senior official said on Tuesday.

The overseas arm of the National Payments Corporation of India (NPCI) is in talks with “several countries” and is closing in on an agreement with one of them, said Ritesh Shukla, CEO of NPCI International Payments Ltd (NIPL).