Economy

UPI now in UK

By: helloscholar news team

Date:

The indigenously developed real-time payments solution Unified Payments Interface (popularly known as UPI) is all set to foray into the UK market starting with QR code-based transactions. According to a PTI report, the NPCI International Payments Ltd (NIPL) has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK.

NIPL is the wholly-owned subsidiary of National Payments Corporation of India (NPCI), which developed the UPI and the RuPay card scheme.

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