NPCI International Partners with the Bank of Namibia | 06 May 2024

NPCI International Payments Ltd. (NIPL) signed an agreement with the Bank of Namibia to create a real-time instant payment system similar to India's Unified Payment Interface (UPI).

The new system will facilitate faster Person-to-Person (P2P) and Person-to-Merchant (P2M) transactions, promoting financial inclusion for underserved populations.
NIPL, established on 3rd April 2020, as NPCI’s fully owned subsidiary, focuses on internationalising the RuPay card scheme and UPI mobile payment solution.
- NIPL aims to revolutionise global payments through innovation and technology, enhancing payment systems worldwide, especially in resource-limited countries, leveraging its extensive experience and advanced payment knowledge.
Namibia is the second least densely populated, located along the Southern African coast.
- Namibia shares a border with the surrounding countries of South Africa, Botswana, Zimbabwe, Zambia, and Angola.
- It has a diverse environment that is home to deserts, marshlands, savannas, mountains, and river valleys.