Overview

• NPCI International Payments Limited (NIPL) has signed a deal with Trinidad and Tobago's Ministry of Digital Transformation.
• The new system will facilitate both person-to-person and person-to-merchant transactions, modeled after India's Unified Payments Interface (UPI).
• This initiative marks Trinidad and Tobago as the first Caribbean nation to adopt the UPI system.
• The partnership aims to boost financial inclusion and reduce reliance on cash by providing a secure, scalable digital payments platform.
• NIPL has previously entered agreements to develop similar systems in Peru and Namibia, with ongoing discussions in Africa and South America.