Several countries express intent to adopt UPI: NPCI MD

Several countries have expressed their intent to adopt homegrown Unified Payments Interface (UPI), and India will provide the technical know-how, software and handholding support to these countries, National Payments Corporation of India (NPCI) MD & CEO Dilip Asbe said on Monday.

“We have received the intent from several countries. We are in the process of working out the details. We will provide the technical know-how, software etc. It might take another 12 months to sign up. The objective is whether we can look at a million dollar implementation in a smaller country,” Asbe said while speaking to mediapersons on the sidelines of the G20 meet here.

According to Asbe, UPI can reach the milestone of a “billion transactions” a day in the next two-three years from a peak of around 280 million transactions at present.