India to help Trinidad and Tobago develop UPI-like payments system
The Hindu
NPCI's overseas arm to develop a digital payments system for Trinidad and Tobago, modeled after India's UPI.
The overseas wing of National Payments Corporation of India (NPCI) is set to build a digital payments system for Trinidad and Tobago, which will be modelled after United Payments Interface (UPI), according to a statement on Friday (September 27, 2024).
The NPCI International Payments Limited (NIPL), a quasi-government body under the RBI, said its deal with the Ministry of Digital Transformation of Trinidad and Tobago is to build a payments platform for both person-to-person and person-to-merchant transactions.
The NPCI manages India’s retail payment systems, including UPI, the country’s most popular mode of digital payments.
Earlier in the year, NIPL had agreed to establish digital payments systems for Peru and Namibia, using UPI as a blueprint.
Also read: India plans to curb Google, PhonePe’s dominance in mobile payments: Report
The NPIL, carved out of the NPCI to promote the adoption of UPI, is also in talks with African and South American countries to help them build payments systems.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.