New Delhi: NPCI International Payments Limited (NIPL) is partnering with Trinidad and Tobago’s Ministry of Digital Transformation to introduce a real-time payments system similar to India’s Unified Payments Interface (UPI). This makes Trinidad and Tobago the first Caribbean country to implement a platform inspired by UPI.
The new system is designed to support person-to-person and person-to-merchant transactions, aiming to boost financial inclusion and streamline payments in the country. By leveraging India’s experience with UPI, the partnership will help modernize Trinidad and Tobago’s financial infrastructure.
In India, UPI has become a key player in digital payments, handling nearly 15 billion transactions in August 2024 alone. Through initiatives like this, NIPL continues to share India’s payment technology expertise with other nations.
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