Auckland, July 10 (SocialNews.XYZ) As the Unified Payments Interface (UPI) expands its global footprint, New Zealand is ready to experience the digital payment freedom that comes with India's unique and indigenously developed QR-based system, its Trade and Investment Minister, Todd McClay, said on Friday. Speaking to IANS, the minister stressed that New Zealand is a very open economy and one needs to fit with the rules the country has in place and “I don't think that will be such a challenge”. "UPI can very much come to New Zealand. Ultimately, digital infrastructure is important.

New Delhi, July 7 (SocialNews.XYZ) Prime Minister Narendra Modi announced on Tuesday that India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, which will enable tourists and businesses to make cross-border retail payments more easily by using their domestic payment apps. Addressing a joint press conference with Indonesian President Prabowo Subianto in Jakarta, PM Modi said, "We are delighted that India’s UPI is set to be integrated with Indonesia’s payment system. This will boost both the ease of doing business and the ease of travel." The Prime Minister also stated that India and Indonesia are strengthening cooperation in technology and strategic industries.

Washington, June 25 (SocialNews.XYZ) US lawmakers debating the future of the country's payment system pointed to India's Unified Payments Interface (UPI) as an example of how modern public payment infrastructure can drive private-sector innovation, as fintech firms urged Congress to overhaul regulations governing access to America's payment network. The comparisons with India came during a hearing of the House Financial Services Committee's Subcommittee on Financial Institutions on Wednesday (local time), where lawmakers examined whether the United States should modernise its regulatory framework to give qualified non-bank payment companies direct access to the Federal Reserve's payment infrastructure instead of relying on traditional banking intermediaries.

New Delhi, May 22 (SocialNews.XYZ) India’s Unified Payments Interface (UPI) will become operational in Cyprus from next year, marking another major expansion of the country’s digital payments ecosystem in Europe, according to the Ministry of External Affairs (MEA) on Friday. Addressing a media briefing, Sibi George said the rollout of UPI in Cyprus was one of the key outcomes of discussions held during Prime Minister Narendra Modi’s official visit to the Mediterranean nation in June 2025. The launch follows the signing of a memorandum of understanding between NPCI International Payments Limited and Eurobank Cyprus to facilitate cross-border payments using India’s real-time payment platform.

New Delhi, Dec 8 (SocialNews.XYZ) The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world’s largest retail fast-payment system by transaction volume, the Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary told the Lok Sabha, in a written reply to a question, that this fact has been highlighted in the IMF’s report on ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025.