India and Seychelles sign UPI agreement; live payments not yet available

During Prime Minister Narendra Modi’s state visit to Seychelles, NPCI International Payments Limited (NIPL), the overseas arm of India’s National Payments Corporation, and the Central Bank of Seychelles signed a Memorandum of Understanding (MoU) to introduce UPI in the island nation. The MoU was among nine bilateral agreements signed during the visit, covering defence, maritime security, healthcare, and climate. What UPI in Seychelles would mean: Once implemented,