NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced a partnership to deploy a UPI-like payments system in Peru, the payments corporation said in a press statement. NIPL ties up with Central Bank of Peru for UPI-like payment system in Peru(ANI)This makes Peru, the first country in South America to adopt the Unified Payment Interface (UPI) technology. Also Read | HDFC Bank to stop SMS alerts for these UPI payments. The development follows UPI entering other markets such as France, Sri Lanka, Singapore, and Mauritius, according to a Business Standard report. In February, it announced a partnership with e-commerce and proximity payments company Lyra to enable UPI acceptance in France, and this month, UPI services were rolled out in Sri Lanka and Mauritius, the report read.

Source: Hindustan Times June 05, 2024 21:54 UTC