New Delhi, November 19, 2025 — Peru is set to introduce a UPI-like digital payment system by next year, the country’s envoy announced, calling it a major step toward modernizing financial services. The system, inspired by India’s highly successful Unified Payments Interface, aims to simplify peer-to-peer transactions, promote cashless payments, and strengthen Peru’s digital economy. Officials say they have studied India’s model closely to replicate its speed, affordability, and interoperability.
The envoy added that Peru is in active discussions with Indian technology partners to ensure smooth implementation and security. The initiative is expected to benefit small businesses, urban consumers, and remote communities with limited access to traditional banking. With this move, Peru hopes to join the growing list of nations adopting India-inspired digital payment infrastructure to accelerate financial inclusion.
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