India, Namibia Sign MoU to Launch UPI Services
India and Namibia have signed a Memorandum of Understanding (MoU) to introduce the Unified Payments Interface (UPI) in the southern African nation. The agreement marks a key step in expanding India’s digital payment infrastructure globally. UPI, developed by the National Payments Corporation of India (NPCI), enables real-time money transfers through mobile platforms. With this partnership, Namibia aims to enhance its digital financial ecosystem, improve cross-border transactions, and boost financial inclusion. This collaboration highlights India’s growing role in exporting fintech innovations to developing economies.