NPCI eyes Rupay, UPI expansion to 10 countries

National Payments Corporation of India (NPCI) is in talks with 10 countries to introduce the Unified Payments Interface (UPI) and Rupay.

“For UPI, we have signed up with three countries, but implementation may take a few more weeks. With Namibia, Trinidad and Tobago, and Peru, the commercial agreements have been signed,” said Dilip Asbe, MD & CEO, NPCI, at the 11th SBI Banking & Economics Conclave. “There is a lot to be done as far as the globalisation of (UPI and Rupay) the stack is considered, five-six countries have signed up and another 10 countries are in talks,” he added.