Peru Adopts India's UPI Model for Real-Time Digital Payments by Next Year

Overview

Peru is set to launch an India-style real-time digital payments system by next year, becoming the first South American nation to adopt a framework similar to India's Unified Payments Interface (UPI). This initiative, a result of a partnership between NPCI International Payments Limited and the Central Reserve Bank of Peru, aims to boost financial inclusion and enable instant transactions for millions.