NPCI to develop digital payments system for Trinidad and Tobago

NPCI to develop digital payments system for Trinidad and Tobago

India’s National Payments Corporation of India (NPCI), through its international subsidiary, has entered into an agreement to establish a digital payments system for Trinidad and Tobago. This system will be modeled on India’s widely successful United Payments Interface (UPI).

NPCI International Payments Limited (NIPL) announced that the new platform will facilitate both peer-to-peer and merchant transactions, aligning with the nation’s goal of advancing its digital infrastructure. NPCI, a public non-profit body under India's central bank, manages various retail payment systems in India, with UPI leading as the country’s most utilized digital payments method.

Earlier this year, NIPL had reached agreements with countries like Peru and Namibia to help them build similar digital payment ecosystems based on UPI. The organization continues to explore opportunities to expand India’s payments technology to other nations, particularly in Africa and South America.