The initiative by NPCI to help Namibia develop a

Solution

This initiative is a form of technical assistance where NPCI is sharing its expertise to help another country develop a similar digital payment infrastructure. • NPCI International Payments Ltd. (NIPL), the international division of the National Payments Corporation of India (NPCI), has entered into an agreement with the Bank of Namibia to assist in developing an instant payment system similar to India's Unified Payment Interface (UPI) for Namibia. • This partnership aims to modernize Namibia's financial ecosystem by leveraging the technology and expertise developed through India's UPI system. • Such international collaborations highlight the expansion of Indian digital payment systems globally, it underscores India’s role in influencing global financial technology and cooperation. Learn Along: About NPCI • National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. • MD & CEO: Mr. Dilip Asbe