Google signs MoU with National Payments Corporation of India to help globalise India's homegrown payment services:- www.deekpay.com

　　The Memorandum of Understanding (MoU) signed between Google Digital Services India and NPCI International, a subsidiary of the National Payments Corporation of India (NPCI), on 17 January, marks a significant step forward in the rollout of India's digital payment system. Here are the key elements and implications of the MoU:

　　1. **Expanded use of UPI payments**: The signing of the MoU will enable travellers from outside India to use the UPI payment system for their transactions, which will provide greater convenience to international tourists spending money in India.

　　2. **Facilitating the building of international payment systems**: The MoU also aims to assist other countries in setting up UPI-like digital payment systems. This means that Indian payment technology will have the opportunity to be replicated and applied in other countries.

　　3. **advantages of the UPI payment system**: UPI (Unified Payment Interface) is an instant payment system developed by the National Payments Corporation of India, which allows users to carry out fast and secure banking transactions through mobile devices. The convenience and efficiency of such a system has led to its widespread use within India.

　　4. **International Cooperation and Exchanges**: This cooperation also demonstrates India's willingness to cooperate and interact with other countries in the area of digital payments, which will help to promote the development and adoption of digital payment technologies globally.

　　5. **Impact on the Indian economy**: Through the roll-out of the UPI payment system, India is expected to increase its financial inclusion, foster the development of the digital economy and further contribute to the country's economic growth.

　　In conclusion, the signing of this MoU will not only help India to promote its digital payment technology globally, but will also be conducive to strengthening financial cooperation and exchange at the international level.