By leveraging technology and experiences from India s UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability and connectivity with both domestic and international payment networks, and interoperability.
Indian banks have been grappling with t Bhe UPI phenomenon. UPI is heaven-sent for consumers, but banks dont make a dime off it. It is also the cause of banking system outages that tarnish a banks reputation and erode its market capitalisation.
The self-use machines produce paper tickets with the QR codes imprinted on them. The pilot project has been implemented with the objective of helping commuters avoid standing in long queues to obtain tickets for their metro travel, another measure at ensuring a hassle free journey.