NPCI, Namibian Central Bank enter licensing agreement to develop a UPI-like instant payment system: MEA

The Ministry of External Affairs on Wednesday confirmed a licensing agreement between India and Namibia for the deployment of UPI (Unified Payments Interface).

During the press conference on Prime Minister Narendra Modi’s visit, Dammu Ravi, Secretary (East) noted that Namibia has become the first country in the world where the National Payment Corporation of India (NPCI) and the Namibian Central Bank have entered into a licencing agreement for the usage of UPI in Namibia in real-time payments.

He said, “Namibia is the first country in the world where…