Google Pay India Signs Agreement with NPCI for UPI Global Expansion

23 January 2024
GeoSpatial World

AI Generated Summary

Google India Digital Services and NPCI International Payments Limited (NIPL) have signed a MoU to expand the use of the Unified Payment Interface (UPI) globally.

The agreement aims to broaden the use of UII payments for travellers outside of India, assist in establishing similar digital payment systems in other countries, and ease the process of remittance between countries using the UII infrastructure.

The partnership is expected to accelerate the global acceptance of UII, providing foreign merchants access to Indian customers who will no longer need to rely on foreign currency or credit or Forex cards for making digital payments.