India’s NPCI in talks to expand UPI payment system to Gulf countries

  • National Payments Corporation of India (NPCI) initiates discussions with Bahrain, Saudi Arabia, and other Gulf nations.
  • Bank-to-bank transfer systems aim to simplify cross-border remittances, facilitated by central bank collaboration.
  • India’s UPI has previously linked with Singapore, Bhutan, and Nepal, and is expected to reach 1 billion daily transactions by 2026-27.

[Via]

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