• 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: [email protected] 

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BANGKOK, Sept. 27, 2024 /PRNewswire/ — Following their recent partnership, the Vantage Foundation has connected V&A Solution AEC Co Ltd (or “V&A Solution”) with Metta Home to host an interactive, engaging, and educational event for the children.

A representative from V&A Solution began the day with a simple talk on how to manage money wisely, offering the children helpful advice on saving and spending responsibly. After the session, the children enjoyed a lunch from McDonald’s, which added to the lively and positive atmosphere of the day.

The event concluded with a range of fun-filled games, including Thai childhood favourites such as Captain’s Ball, a memory game, and a balancing water balloon race. The children enthusiastically participated, filling the afternoon with laughter, teamwork, and excitement. The games not only entertained the children but also encouraged cooperation and strengthened their bonds with each other.

Steven Xie, Executive Director of Vantage Foundation, said, “At Vantage Foundation, we focus on connecting local companies with local charities so they can give back directly to their communities. Facilitating partnerships like the one between V&A Solution and Metta Home allows us to bring positive, lasting experiences to these children and create deeper connections within the community.”

Pomme Natchaphan, Thailand Country Manager for V&A Solution said, “We were thrilled to spend the day with the children at Metta Home. Teaching them about good money habits was just one part of the day, but seeing their excitement during the games and lunch was truly the highlight. It was a pleasure to give back, and we are thankful to Vantage Foundation for connecting us with Metta Home.”

Pakorn Romruen, Head of Home for the Observed Juveniles, Metta Home said, “Today’s activities provided an important balance of education and recreation, contributing to the children’s overall development. Events like this not only help foster essential life skills such as teamwork and social interaction but also bring much-needed positivity to their daily lives. We are thankful to V&A Solution and Vantage Foundation for their support in creating a meaningful and enriching experience for the children in our care.”

By connecting local companies like V&A Solution with Metta Home, the Vantage Foundation continues its mission of raising awareness of invisible challenges, such as depression, anxiety, and loneliness, that often contribute to social immobility and struggle. Through partnerships and meaningful events, the Foundation aims to provide young people with the support and experiences they need to thrive.

For more information on how to support Metta Home, please visit the Department of Juvenile Observation and Protection’s official website.

About Vantage Foundation

Vantage Foundation is an independent charitable organisation launched at the McLaren Technology Centre in the UK in 2023. The foundation has worked with charity organisations around the world, including The iREDE Foundation in Nigeria, Teach For Malaysia in Malaysia, and Instituto Claret in Brazil.

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For more information, please visit www.vantage.foundation

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JACKSONVILLE, Fla., Sept. 27, 2024 /PRNewswire/ — Medius, a leading provider of AP Automation and wider Spend Management solutions, today announced that it has earned three prestigious SolutionMap Customer Favorite badges from Spend Matters:

Customer Favorite – Supplier Management
Customer Favorite – Contract Lifecycle Management
Customer Favorite – eProcurement

Medius is among 93 vendors in the Fall 2024 SolutionMap and TechMatchSM procurement technology rankings. Each of the vendors in the SolutionMap process undergo rigorous functionality and capability assessment with 500+ RFI requirements across 15 procurement technology solutions with mandatory demos and impartial, anonymized customer ratings.

Vendors with the highest number of top scores from their customers’ surveys earn the Customer Favorite badges.

“We’ve designed SolutionMap to aid the practitioner so they may better understand and analyze the customer experiences, market developments and technological innovation of the myriad solution providers by process competency,” said Jason Busch, Founder and CEO of Spend Matters.

“We are excited to see Medius solutions awarded as customer favorites in so many areas of Medius’ spend management suite. We continue to deliver incremental innovations that help them save time, reduce risk, improve operations, and add more value to their procure-to-pay processes and customer clearly love our work in the independent feedback they provide through the SolutionMap process,” said Daniel Ball, Chief Product Officer at Medius.

For more information, please contact:
Dan Bird, Fight or Flight for Medius
[email protected] +44 7885 670798 / [email protected] +44 330 133 0985

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/medius/r/medius-named-customer-favorite-by-spend-matters,c4043783

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