NIPL ties up with Central Bank of Peru for UPI-like payment system in Peru

Daily Current Affairs / NIPL ties up with Central Bank of Peru for UPI-like payment system in Peru

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Category : Business and economics Published on: June 07 2024

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NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have partnered to deploy a UPI-like real-time payments system in Peru, marking the first adoption of this technology in South America.
The partnership aims to establish a reliable and efficient real-time payments platform in Peru, enabling instant payments between individuals and businesses, and reducing reliance on cash transactions.