Key Points
New Delhi [India], January 17 (ANI): Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India...
Second, the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions...
The outlined objectives will help accelerate UPIs global acceptance, providing foreign merchants access to Indian customers who will no longer have to rely only on foreign currency and/or credit or forex cards for making digital payments and will have the option of using UPI-powered apps from India, including Google Pay...
Ritesh Shukla, CEO of NPCI International Payments Limited (NIPL), said, We are pleased to team up with Google Pay to propel UPI onto the global stage. This strategic partnership will not only simplify foreign transactions for Indian travelers but will also allow us to extend our knowledge and expertise of operating a successful digital payments ecosystem to other countries...
With the success of UPI in a dynamic market like India, we are excited to further our vision to transform the digital payments landscape globally, he added...
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