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NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago

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NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago
Business

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NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago

2024-09-27 19:57 Last Updated At:20:25

  • Agreement signed with the Ministry of Digital Transformation, Trinidad and Tobago
  • Marks an important step in expanding India's digital public goods initiative globally

MUMBAI, India, Sept. 27, 2024 /PRNewswire/ -- NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago, to develop a real-time payments platform similar to India's 'Unified Payments Interface' (UPI). This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI. This builds on the strong, longstanding bilateral ties between the two countries.

This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financial inclusion. By leveraging technology and experiences from India's UPI, the partnership seeks to assist Trinidad and Tobago in modernising its financial ecosystem. This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability.

UPI has emerged as a transformative force in India's financial landscape, registering nearly 15 billion transactions in August 2024, with an estimated value of USD 245 billion. Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India's digital public goods across the globe.

Speaking on the development, Mr. Ritesh Shukla, CEO, NPCI International, said, "Trinidad and Tobago is taking significant steps towards advancing its financial infrastructure, and we are proud to support them in building a secure, sovereign, and scalable payments platform. Our experience with UPI in India has demonstrated how real-time payments can transform economies, by improving access to essential financial services and reducing reliance on cash. We look forward to working closely with the Ministry of Digital Transformation and the Central Bank in Trinidad and Tobago."

Spokesperson of Ministry of Digital Transformation, Trinidad and Tobago, said, "It is with great anticipation that the Ministry of Digital Transformation and the Ministry of Finance embark on this significant engagement with NIPL to implement a digital payment system for Trinidad and Tobago. Fashioned on India's UPI, the digital payment platform will facilitate innovation in the Fintech sector, enhance the technical resiliency of the current payment infrastructure by providing a complementary, non-competing digital payments platform with increased security through the reduced use of cash. Moreover, successful implementation will contribute to the financial inclusion of our unbanked citizens. We extend sincere thanks to the Central Bank of Trinidad and Tobago, which continues to be a strategic partner and stakeholder in this important initiative. We look forward to the partnership with NPCI International, as we actively seek to transform the existing payments landscape and establish a modern digital payments ecosystem."

For more details about NPCI International, click here.

For queries: corporate.communications@npci.org.in 


  • Agreement signed with the Ministry of Digital Transformation, Trinidad and Tobago
  • Marks an important step in expanding India's digital public goods initiative globally

MUMBAI, India, Sept. 27, 2024 /PRNewswire/ -- NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago, to develop a real-time payments platform similar to India's 'Unified Payments Interface' (UPI). This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI. This builds on the strong, longstanding bilateral ties between the two countries.

This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financial inclusion. By leveraging technology and experiences from India's UPI, the partnership seeks to assist Trinidad and Tobago in modernising its financial ecosystem. This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability.

UPI has emerged as a transformative force in India's financial landscape, registering nearly 15 billion transactions in August 2024, with an estimated value of USD 245 billion. Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India's digital public goods across the globe.

Speaking on the development, Mr. Ritesh Shukla, CEO, NPCI International, said, "Trinidad and Tobago is taking significant steps towards advancing its financial infrastructure, and we are proud to support them in building a secure, sovereign, and scalable payments platform. Our experience with UPI in India has demonstrated how real-time payments can transform economies, by improving access to essential financial services and reducing reliance on cash. We look forward to working closely with the Ministry of Digital Transformation and the Central Bank in Trinidad and Tobago."

Spokesperson of Ministry of Digital Transformation, Trinidad and Tobago, said, "It is with great anticipation that the Ministry of Digital Transformation and the Ministry of Finance embark on this significant engagement with NIPL to implement a digital payment system for Trinidad and Tobago. Fashioned on India's UPI, the digital payment platform will facilitate innovation in the Fintech sector, enhance the technical resiliency of the current payment infrastructure by providing a complementary, non-competing digital payments platform with increased security through the reduced use of cash. Moreover, successful implementation will contribute to the financial inclusion of our unbanked citizens. We extend sincere thanks to the Central Bank of Trinidad and Tobago, which continues to be a strategic partner and stakeholder in this important initiative. We look forward to the partnership with NPCI International, as we actively seek to transform the existing payments landscape and establish a modern digital payments ecosystem."

For more details about NPCI International, click here.

For queries: corporate.communications@npci.org.in 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago

NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago

Crowds flocked to ADNEC in Abu Dhabi as millions more watched around the world, cementing the phygital sporting event's global appeal

ABU DHABI, UAE, Dec. 24, 2025 /PRNewswire/ -- The Games of the Future Abu Dhabi 2025 powered by ADNOC has officially concluded, following six unforgettable days of high-energy, action-packed competition that pushed the boundaries of sport, technology, and entertainment. The event marked a defining moment for the rapidly growing phygital movement, reinforcing its role in shaping the future of sport.

Taking place from 18-23 December at ADNEC Centre Abu Dhabi, more than 850 participants from over 60 countries competed in 11 disciplines spanning phygital sports, tech sports, and esports. Champions were crowned in front of thousands of fans across packed arenas, with hundreds of millions more viewing broadcasts, social feeds and streams around the world. Competitors ranging from 13 to 72 years old underlined the inclusivity and cross-generational appeal that defines the Games of the Future.

The tournament delivered a constant stream of standout moments that blended elite athletic performance with strategic gameplay and technological innovation. Spectator favorites included large-scale tech showcases such as Battle of Robots, which saw 2.48 tons of robots flown into the UAE for competition. There were also globally popular esports competitions including MOBA PC.Dota 2, Mobile Mobile.MLBB and Battle Royale.Featuring Fortnite tournaments, alongside crowd-pleasing phygital formats such as Phygital Football powered by ADNOC, Phygital Basketball. 3on3 FreeStyle brought to you by M42, Phygital Shooter. CS 2, Phygital Dancing.Just Dance and Phygital Fighting. FATAL FURY: City of the Wolves.

Cutting-edge tech sports including Phygital Drone Racing, where precision piloting meets elite athletic focus, added further intensity, while the event also marked a regional milestone with VR-Game.HADO Global Invitation being competed in the Middle East for the first time.

Packed arenas and immersive fan experiences underscored the tournament's unique ability to merge live sport with technology, creating a format that is fast-paced, accessible, and deeply engaging for a new generation of global audiences.

"The success of the Games of the Future Abu Dhabi 2025 is a testament to what can be achieved when innovation, ambition, and collaboration come together," said Nis Hatt, CEO of Phygital International. "The success of the Games of the Future Abu Dhabi 2025 is a testament to what can be achieved when innovation, ambition, and collaboration come together. This milestone would not have been possible without the outstanding support and shared vision of Abu Dhabi Sports Council, ASPIRE and Ethara, whose commitment to excellence continues to elevate Abu Dhabi's global sporting profile and leadership in innovation. The past six days have provided a glimpse into the future of sport, where physical performance, technology, and digital culture come together to inspire a new generation of fans and athletes."

The Games of the Future Abu Dhabi 2025 reached millions of fans worldwide, broadcast live via the new dedicated Games of the Future OTT platform, supported by 27 global broadcast and streaming partners delivering coverage in more than 13 languages. This extensive distribution ensured unprecedented global accessibility and positioned the event as a benchmark for digital-first, multi-platform sports broadcasting.

With the Games of the Future Abu Dhabi 2025 now complete, attention turns to Astana, Kazakhstan, which will host the Games of the Future 2026 next summer. In the lead-up to the event, Astana will also stage Phygital Contenders tournaments in June, featuring multiple disciplines and bringing together local and international participants.

In parallel, Phygital International has confirmed that the bidding process for future host cities is now open, inviting prospective bidders to apply to stage the tournament in 2028, 2029, or 2030, as the event continues its global expansion.

"The passing of the Phygital Flame to Astana represents the next exciting chapter for the phygital movement and the Games of the Future," added Nis Hatt. "The Games of the Future 2026 will build on the incredible foundation laid here in Abu Dhabi and continue to push the boundaries of what phygital sport can achieve on a global stage."

For full results and more information from the Games of the Future Abu Dhabi 2025, visit gotfabudhabi.com.

For all the highlights and to replay action from the Games of the Future 2025, visit: tv.gofuture.games.

About Phygital International (PI):  

Phygital International is the promoter of phygital sports globally and is focused on innovating and redefining sports. It is the custodian and rights holder of the Games of the Future and oversees the bidding process for each host city.

For further information please visit: https://Phygitalinternational.com  

About the Games of the Future (GOTF):  

The Games of the Future is an annual international event which is the pinnacle of phygital sport, that fuses the worlds of physical and digital sport. The tournament brings together the next generation of phygital sporting heroes from all over the world to compete in a diverse range of phygital disciplines and challenges. The Games of the Future 2025 was hosted in Abu Dhabi, UAE while the Games of the Future 2026 will be held in Astana, Kazakhstan.

For more information please visit: https://gofuture.games/ 

phygital@marylebonecommunications.com  

 

 

 

 

Crowds flocked to ADNEC in Abu Dhabi as millions more watched around the world, cementing the phygital sporting event's global appeal

ABU DHABI, UAE, Dec. 24, 2025 /PRNewswire/ -- The Games of the Future Abu Dhabi 2025 powered by ADNOC has officially concluded, following six unforgettable days of high-energy, action-packed competition that pushed the boundaries of sport, technology, and entertainment. The event marked a defining moment for the rapidly growing phygital movement, reinforcing its role in shaping the future of sport.

Taking place from 18-23 December at ADNEC Centre Abu Dhabi, more than 850 participants from over 60 countries competed in 11 disciplines spanning phygital sports, tech sports, and esports. Champions were crowned in front of thousands of fans across packed arenas, with hundreds of millions more viewing broadcasts, social feeds and streams around the world. Competitors ranging from 13 to 72 years old underlined the inclusivity and cross-generational appeal that defines the Games of the Future.

The tournament delivered a constant stream of standout moments that blended elite athletic performance with strategic gameplay and technological innovation. Spectator favorites included large-scale tech showcases such as Battle of Robots, which saw 2.48 tons of robots flown into the UAE for competition. There were also globally popular esports competitions including MOBA PC.Dota 2, Mobile Mobile.MLBB and Battle Royale.Featuring Fortnite tournaments, alongside crowd-pleasing phygital formats such as Phygital Football powered by ADNOC, Phygital Basketball. 3on3 FreeStyle brought to you by M42, Phygital Shooter. CS 2, Phygital Dancing.Just Dance and Phygital Fighting. FATAL FURY: City of the Wolves.

Cutting-edge tech sports including Phygital Drone Racing, where precision piloting meets elite athletic focus, added further intensity, while the event also marked a regional milestone with VR-Game.HADO Global Invitation being competed in the Middle East for the first time.

Packed arenas and immersive fan experiences underscored the tournament's unique ability to merge live sport with technology, creating a format that is fast-paced, accessible, and deeply engaging for a new generation of global audiences.

"The success of the Games of the Future Abu Dhabi 2025 is a testament to what can be achieved when innovation, ambition, and collaboration come together," said Nis Hatt, CEO of Phygital International. "The success of the Games of the Future Abu Dhabi 2025 is a testament to what can be achieved when innovation, ambition, and collaboration come together. This milestone would not have been possible without the outstanding support and shared vision of Abu Dhabi Sports Council, ASPIRE and Ethara, whose commitment to excellence continues to elevate Abu Dhabi's global sporting profile and leadership in innovation. The past six days have provided a glimpse into the future of sport, where physical performance, technology, and digital culture come together to inspire a new generation of fans and athletes."

The Games of the Future Abu Dhabi 2025 reached millions of fans worldwide, broadcast live via the new dedicated Games of the Future OTT platform, supported by 27 global broadcast and streaming partners delivering coverage in more than 13 languages. This extensive distribution ensured unprecedented global accessibility and positioned the event as a benchmark for digital-first, multi-platform sports broadcasting.

With the Games of the Future Abu Dhabi 2025 now complete, attention turns to Astana, Kazakhstan, which will host the Games of the Future 2026 next summer. In the lead-up to the event, Astana will also stage Phygital Contenders tournaments in June, featuring multiple disciplines and bringing together local and international participants.

In parallel, Phygital International has confirmed that the bidding process for future host cities is now open, inviting prospective bidders to apply to stage the tournament in 2028, 2029, or 2030, as the event continues its global expansion.

"The passing of the Phygital Flame to Astana represents the next exciting chapter for the phygital movement and the Games of the Future," added Nis Hatt. "The Games of the Future 2026 will build on the incredible foundation laid here in Abu Dhabi and continue to push the boundaries of what phygital sport can achieve on a global stage."

For full results and more information from the Games of the Future Abu Dhabi 2025, visit gotfabudhabi.com.

For all the highlights and to replay action from the Games of the Future 2025, visit: tv.gofuture.games.

About Phygital International (PI):  

Phygital International is the promoter of phygital sports globally and is focused on innovating and redefining sports. It is the custodian and rights holder of the Games of the Future and oversees the bidding process for each host city.

For further information please visit: https://Phygitalinternational.com  

About the Games of the Future (GOTF):  

The Games of the Future is an annual international event which is the pinnacle of phygital sport, that fuses the worlds of physical and digital sport. The tournament brings together the next generation of phygital sporting heroes from all over the world to compete in a diverse range of phygital disciplines and challenges. The Games of the Future 2025 was hosted in Abu Dhabi, UAE while the Games of the Future 2026 will be held in Astana, Kazakhstan.

For more information please visit: https://gofuture.games/ 

phygital@marylebonecommunications.com  

 

 

 

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

Games of the Future 2025 Concludes After Six Action-Packed Days

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