India is engaged in discussions with countries across Africa and South America to help them establish digital payment systems modeled on its Unified Payments Interface (UPI), with expectations of launching two such systems by early 2027,

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,

New Delhi: India is in talks with countries in Africa and South America to assist in developing digital payment systems based on its Unified Payments Interface (UPI), with plans for two systems to launch by early 2027, Reuters reported.

India's digital payments growth surges, with UPI leading the way, transforming financial transactions and expanding globally.

On September 20, 2024, the Department of Financial Services (DFS) under the Ministry of Finance reported significant growth in digital payments in India, with transaction volumes increasing from 2,071 crore in FY 2017-18 to 18,

Paytm, India's leading digital payments platform, has introduced a QR code-based payment system that allows small merchants and vendors to accept digital payments without needing a point-of-sale (POS) machine. The QR code system is easy to use, requires minimal infrastructure, and has been widely adopted in rural and semi-urban areas.

MUMBAI (Reuters) - 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.