UPI to enter North America, other Middle-Eastern countries soon: NIPL CEO
Ritesh Shukla, CEO of NPCI International Payments Ltd (NIPL), a wholly owned subsidiary of National Payments Council of India (NPCI), Monday said after a successful launch in Singapore and France, the Unified Payments Interface (UPI) is likely to enter the North America market and other Middle-eastern countries in the coming months. However, he did not give any definite timeline for the launch. “In terms of more interoperability partnerships like what we did in France and Singapore, we will focus on countries which are of importance to Indians when they travel abroad or where we have significantly large Indian diaspora residing like the Middle East and North America and these are the target market for us in the coming days" reported Moneycontrol quoting NIPL CEO as saying in an interaction.
The global partnerships for UPI adoption have come through the NIPL, incorporated in April 2020, devoted to the deployment of RuPay and UPI outside of India. Shukla said NIPL has different strategic partnerships in different countries. In some countries, NIPL is a focusing on infrastructure building and in some others, it is focusing on interoperability build.
Shukla said the NIPL is helping various countries create an infrastructure similar to UPI by making their own sovereign payment platform. At the same time the NIPL is also working on interoperability. The NPCL subsidiary is connecting the ecosystem in India to other ecosystems in various countries to help Indians traveling abroad," he added.
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