UPI transactions may be made possible in 192 countries thanks to the UPI–UPU Integration Project, which was recently unveiled at the 28th Universal Postal Congress in Dubai.

At the 28th Universal Postal Congress in Dubai, Jyotiraditya Scindia, the Minister of Communications and Development of the North Eastern Region, unveiled the UPI–UPU Integration project, a historic endeavor that will revolutionize cross-border remittances for millions of people globally.

Key Highlights

• UPI–UPU integration aims to enable fast, affordable digital transactions across 192 countries via postal networks.
• Union Minister calls new UPI–UPU project a “social compact,” prioritizing remittances for families and migrants globally.

The program, which was created by the Universal Postal Union (UPU), NPCI International Payments Limited (NIPL), and the Department of Posts (DoP), combines the speed and affordability of UPI with the reach of the postal network by integrating India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP).

During this cycle, Scindia committed $10 million in funding to transform technology into innovation, with a particular emphasis on digital payments and e-commerce. He reaffirmed how India is prepared with resources, knowledge, and friendship, repeating the motto of "Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas."

Reiterating its dedication to creating a connected, inclusive, and sustainable future for the international postal community, Scindia also announced India's candidacy for the UPU's Council of Administration and Postal Operations Council.

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An innovative effort to transform international remittances to India is the UPI-UPU Integration project. In order to smoothly integrate India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP), the Department of Posts (DoP), NPCI International Payments Limited (NIPL), and the UPU are leading this collaboration. Millions of families stand to gain from this integration, which is expected to boost economic growth by providing the Indian diaspora with a safe, effective, and reasonably priced means of sending money home.

Interaction with Member Countries: In order to exchange India's knowledge, look into possible collaborations, and encourage the postal industry to embrace creative solutions, the Indian delegation is actively interacting with representatives from 192 member nations.