🌴➕🐘🟰 The Future Rapid Payment System in Peru🇵🇪

Morgan Ellis

🌴➕🐘🟰 The Future Rapid Payment System in Peru🇵🇪
The Central Reserve Bank of Peru's partner in developing the system is none other than the National Payments Corporation of India🇮🇳 (NPCI International)

➡️ The Peruvian rapid payment system is expected to be built on the UPI protocol, which symbolizes India's innovative excellence in digital payments. UPI provides great connectivity and interoperability with both domestic and international payment networks.

➡️ The innovation will reduce reliance on cash transactions and promote the use of digital payments for the 40% of Peruvians who do not have access to banking services.

➡️ In India, over 410 million people use UPI, of which 340 million are merchants.

#news #Peru #India

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