Union Minister for Communications and Development, North Eastern Region, Jyotiraditya M. Scindia has unveiled the UPI–UPU Integration project, a landmark initiative aimed at transforming cross-border remittances and enabling faster, safer, and more affordable money transfers for millions of people worldwide.
Developed by the Department of Posts (DoP), NPCI International Payments Limited (NIPL), and the Universal Postal Union (UPU), the project integrates India’s Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP). The combination of the postal network’s reach with the speed and affordability of UPI will enable faster, safer, and more cost-effective money transfers.
India also announced a commitment of USD 10 million to drive innovation in the global postal sector, with a focus on e-commerce and digital payments. In addition, the country declared its candidature for the Council of Administration and the Postal Operations Council of the UPU to further strengthen cooperation.
The initiative reflects India’s vision of connecting through logistics, including affordable financial services, modernising with digital technologies, and cooperating through global partnerships, positioning the postal sector as a driver of inclusive and sustainable growth.
Send news announcements/press releases to:
info@b2bmarketmedia.com
