India's NPCI to Develop Digital Payments System for Trinidad and Tobago

The agreement aims to establish a UPI-based platform, enhancing financial inclusion and modernizing the payment infrastructure.

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.