Trinidad and Tobago to launch India's UPI payment technology www.deekpay.com

## Trinidad and Tobago Embraces Digital Payments Revolution, Draws on India's UPI Model The Caribbean nation of Trinidad and Tobago is moving aggressively into the era of digital payments, drawing inspiration from India's success story. The country's Ministry of Digital Transformation has entered into a partnership agreement with NPCI International Payments for a real-time payment system similar to India's Unified Payments Interface (UPI). The success story of India's UPI offers lessons for Trinidad and Tobago. Since its launch in 2016, UPI has processed more than 100 billion transactions in India, making it an important tool for driving financial inclusion.NPCI International's subsidiary was established in 2020 to take UPI and the RuPay card network global, and has already established partnerships with payment networks in Peru, Namibia, Nepal and other countries. Trinidad and Tobago's new digital payments platform would bring multiple benefits: Promoting FinTech innovation: Drawing on the success of UPI in India, the platform will further advance the country's FinTech sector. Enhance payment infrastructure security: The platform will introduce a secure and reliable digital payment system that will enhance the security of the existing payment infrastructure. Reduce Cash Dependency: The rollout of the digital payments platform will reduce dependency on cash, increase transaction efficiency and improve convenience for the population. Promote financial inclusion: The platform will provide easy access to financial services for citizens who do not have an account and promote wider financial inclusion. The Government of Trinidad and Tobago hopes that by learning from the successful experience of UPI in India, a safe, efficient and convenient digital payment system will be established to support the country's economic development and social progress. Below are some words that can be substituted to avoid repetition: Co-operate: collaborate, join hands, join forces Build: to create, to construct, to construct Borrow: to learn, to refer to, to borrow Facilitate: promote, facilitate, accelerate Benefit: Advantage, advantage, positive impact Recommendation: The title and content style of the article can be adjusted according to different platforms. Some data and images can be included to enhance the readability and appeal of the article. The potential impact of the platform can be analysed in the specific context of Trinidad and Tobago. We hope that the above information is helpful to you.