India's UPI expands into Central Asia with Uzbekistan deal
India and Uzbekistan agreed to accept UPI: tourists, businesspeople, and students can pay via Uzbekistan's UZQR QR code through UPI-enabled apps, with funds debited from Indian bank accounts. The agreement was approved by both countries' central banks, involving NIPL and Uzbekistan's NIPC (HUMO system). This is UPI's first expansion into Central Asia.
- Payments made via Uzbek UZQR QR code through UPI apps
- Agreement approved by central banks of India and Uzbekistan
- Involves NIPL and NIPC, operator of the HUMO system
- UPI already accepted in 10 countries, including UAE, France, and Singapore
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