India discusses launch of UPI in New Zealand to enable ease of doing biz

India and New Zealand are discussing the introduction of the real-time payments system Unified Payments Interface (UPI) to enable ease of doing business between both countries and promote trade and tourism, according to a joint statement released by both nations on Tuesday.

The issue was discussed during a bilateral meeting between Commerce and Industry Minister Piyush Goyal and New Zealand’s Minister for Trade and Export Growth, Damien O’Connor.

“Ministers welcomed early discussions between National Payments Corporation of India (NPCI) and Payments NZ regarding the Unified Payments Interface (UPI) system and agreed that both sides should continue deliberations on this issue,” an official statement said.