India, May 2 -- The National Payments Corporation of India's (NPCI's) international arm, NPCI International Payments Limited (NIPL), has signed an agreement with the Bank of Namibia to develop a digital payments system for the African nation akin to homegrown Unified Payments Interface (UPI).

Under the partnership, the NPCI will offer technology and other insights to the Bank of Namibia to help develop a digital payments system that will look to boost real-time person-to-person (P2P) and merchant payment transactions (P2M) in the country.

The collaboration will look to revamp Namibia's financial ecosystem with a particular focus on enhancing accessibility and affordability for rural and informal populations.

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