Current Affairs - International - Discussion

Namibia is the first country where the National Payments Corporation of India (NPCI) entered into a technology agreement with the central bank to implement a UPI-like digital payments system. This move is part of a broader initiative to deepen economic ties between India and Namibia. In addition to digital payments, the two nations signed Memoranda of Understanding (MoUs) in several other areas, including health, medicine, entrepreneurship development, and bilateral cooperation. Establishing a digital payments framework reflects growing global interest in India's fintech solutions and marks a milestone in strengthening Indo-African economic and technological partnerships.