The Central Bank of Trinidad & Tobago says a fast payments arrangement, along the lines of India's Unified Payments Interface, will be introduced in 2025.
The CBTT said while India's population is 1,000 times that of Trinidad & Tobago, since 2016, India has been on a successful journey to introduce a fast payments system to most of its population using UPI.
The CBTT said over the years, UPI has revolutionised how basic payments are made in this large, populous nation, from using mostly cash to using mainly mobile devices.
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