Zimbabwe in talks to adopt India's UPI payments system

Zimbabwe in talks to adopt India's UPI payments system

Zimbabwe is in talks with NPCI International Payments to adopt India's Unified Payments Interface as shared infrastructure, with a deal possible by October 31, central bank Governor John Mushayavanhu told Bloomberg. The system would let banks, mobile-money operators and fintechs process real-time transactions, cutting costs and reducing reliance on cards and cash.

Source: Business Today

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