Indian payments authority eyes Africa, S. America to build UPI-like digital system

Indian payments authority eyes Africa, S. America to build UPI-like digital system

FILE PHOTO: A man uses his phone to scan a QR code of the digital payment app Paytm after purchasing a cold beverage at a shop in Kolkata, India on July 9, 2024. REUTERS/Sahiba Chawdhary/File Photo

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.