The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.
BRISKPE, a Mumbai-based cross-border payments platform, has announced that it has raised $5 millionin a seed roundfrom PayU, the payments and fintech business of Prosus.
UPI, established by the National Payments Corporation of India (NPCI) in 2016, is the dominant payment platform in India, processing over 75% of the country's retail digital payments.