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India Gazette
7 days ago
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- India Gazette
NPCI, Namibian Central Bank enter licensing agreement to develop a UPI-like instant payment system: MEA
Windhoek [Namibia], July 9 (ANI): The Ministry of External Affairs on Wednesday confirmed a licensing agreement between India and Namibia for the deployment of UPI (Unified Payments Interface). During the press conference on Prime Minister Narendra Modi's visit, Dammu Ravi, Secretary (East) noted that Namibia has become the first country in the world where the National Payment Corporation of India (NPCI) and the Namibian Central Bank have entered into a licencing agreement for the usage of UPI in Namibia in real-time payments. He said, 'Namibia is the first country in the world where NPCI-National Payment Cooperation of India and the Namibian Central Bank have entered into a licensing agreement for the deployment of the UPI in Namibia for real-time payments. This is a significant development. We believe that this will open up new avenues for cooperation in the digital space between our two countries...' The partnership between NPCI International Payments Limited (NIPL) and the Bank of Namibia (BoN) aims to modernise Namibia's financial infrastructure by leveraging India's Unified Payment Interface (UPI) technology and expertise. This collaboration will enable Namibia to develop a real-time payment system, enhancing digital financial services and promoting inclusive economic growth. PM Modi also lauded the digital transactions in Namibia, which foster financial inclusion and reduce reliance on cash by serving underserved communities. While addressing the Namibian Parliament, he said, 'People will be able to send money faster than one can say 'Tangi Unene.' Soon, a Himba grandmother in Kunene, or a shopkeeper in 'Katutura', will be able to go digital with just a tap faster than a 'Springbok'.' The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). NPCI is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association. This is the first time NPCI International is partnering with a central bank to deploy the UPI Stack in another country. He also highlighted the several interactions that PM Modi held in Namibia. Dammu Ravi also stated that PM Modi held a one-on-one discussion with the President Netumbo Nandi-Ndaitwah and participated in delegation-level talks. He also paid homage to the founding father of Namibia and the first President of Namibia, Dr Sam Nujoma. PM Modi received the Order of the Most Ancient Welwitschia Mirabilis, which is the highest civilian award of Namibia. The award was established in 1995, shortly after Namibia gained independence in 1990, to recognise distinguished service and leadership. Named after the Welwitschia Mirabilis, a unique and ancient desert plant endemic to Namibia, the order symbolises resilience, longevity and the enduring spirit of the Namibian people. This makes it the 27th award for PM Modi and the 4th award in this ongoing tour. 'This visit assumes importance in more than one way. This is a visit taking place after 27 years by the Prime Minister of India. This is also a time when the President of Namibia has just assumed her office in March after a landslide victory, which means there will be continuity in our relationship. It will further facilitate deepening in our relationship,' said the MEA secretary (East). PM Modi arrived in Namibia after concluding his two-day State visit to Brazil, where he attended the 17th BRICS Summit in Rio de Janeiro and held bilateral talks with President Luiz Inacio Lula da Silva in Brasilia. Namibia is the final stop in the Prime Minister's five-nation tour, which also included visits to Ghana, Trinidad and Tobago, Argentina, and Brazil. (ANI)
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First Post
09-07-2025
- Business
- First Post
'Not just in words but in action': Modi invokes India's legacy in Namibia's freedom fight
Prime Minister Narendra Modi said that Namibia has become the first African nation to adopt India's Unified Payments Interface (UPI) technology, marking a major milestone in bilateral digital cooperation. read more Prime Minister Narendra Modi on Friday invoked the shared legacy of struggle and solidarity between the two nations, reminding lawmakers that India had supported Namibia's liberation even before gaining its own independence. In a historic address to Namibia's Parliament on Friday, PM Modi said 'The people of India stood proudly with Namibia during your liberation struggle. Even before our own independence, India raised the issue of South West Africa at the United Nations… It was an Indian Lieutenant General, Dewan Prem Chand, who led the UN peacekeeping force in Namibia. India is proud to have stood with you, not just in words but in action…" STORY CONTINUES BELOW THIS AD #WATCH | Windhoek: Addressing the Parliament of Namibia, PM Narendra Modi says, "The people of India stood proudly with Namibia during your liberation struggle. Even before our own independence, India raised the issue of South West Africa at the United Nations... It was an Indian… — ANI (@ANI) July 9, 2025 PM Modi also said that Namibia would become the first African nation to adopt India's Unified Payments Interface (UPI), a digital payments system that has revolutionised financial inclusion across India. 'Soon, a Himba grandmother in Kunene or a shopkeeper in Katutura will be able to go digital with just a tap, faster than a Springbok,' Modi said, drawing applause as he invoked local imagery to underscore the speed and reach of the technology. We are thrilled that Namibia is the first country to adopt India's UPI. People will soon be able to send money faster than one can say 'Tangi Unene',' he added. #WATCH | Windhoek: Addressing the Parliament of Namibia, PM Narendra Modi says, "We are thrilled that Namibia is the first country to adopt India's UPI-Unified Payment Interface technology. Soon, people will be able to send money faster than one can say "Tangi Unene". Soon, a… — ANI (@ANI) July 9, 2025 STORY CONTINUES BELOW THIS AD Reflecting on the broader India-Namibia partnership, Modi said bilateral trade had crossed $800 million, but likened it to 'just warming up' before a big game, promising, 'we will score faster and score more.' The Prime Minister also announced India's offer to supply Namibia with the Bhabhatron radiotherapy machine for advanced cancer care. 'Developed in India, the Bhabhatron has already helped nearly half a million patients in 15 countries. India is ready to support Namibia with this critical technology,' Modi said. He also invited Namibia to join India's Jan Aushadhi initiative to improve access to affordable and quality medicines. Recalling India's role during the COVID-19 pandemic, Modi said India stood with Africa when others hesitated. 'Our Aarogya Maitri initiative supports Africa with hospitals, equipment, medicines, and training,' he said. STORY CONTINUES BELOW THIS AD Modi struck an emotional chord while thanking Namibia for its role in reintroducing cheetahs to India. 'We are deeply grateful for your gift. I had the privilege of releasing them into Kuno National Park. They have sent a message for you — everything is fine. They are happy and have grown in number,' he said. #WATCH | Windhoek: Addressing the Parliament of Namibia, PM Narendra Modi says, "You helped us in reintroducing Cheetahs in our country, we are deeply grateful for your gift. I had the privilege of releasing them into the Kuno National Park. They have sent a message for you-… — ANI (@ANI) July 9, 2025 Receiving Namibia's highest civilian honour, Modi called it 'a symbol of the friendship between our peoples.' Drawing a parallel with the country's resilient national plant, he said, 'Like your Welwitschia Mirabilis, our friendship only grows stronger with age and time.' Modi also reminded the Parliament of India's longstanding solidarity with Namibia during its struggle for independence. 'Even before our own independence, India raised the issue of South West Africa at the United Nations,' he said, noting that Indian Lieutenant General Dewan Prem Chand led the UN peacekeeping force in Namibia.
