RBI and NPCI want to expand UPI to 20 countries by FY29.
The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) have set an ambitious aim of expanding the Unified Payments Interface (UPI) to 20 countries by fiscal year 2029, according to the RBI’s FY24 annual report. This effort is scheduled to commence in fiscal year 25 and demonstrates the central bank’s commitment to expanding…