Both the ministers welcomed early discussions between National Payments Corporation of India (NPCI) – the nodal authority in charge of UPI – and Payments NZ related to the adoption of the payments system, and agreed that further deliberations should continue.
“They agreed that introduction of UPI in New Zealand would promote ease of doing business between both the countries and promote trade and tourism as well,” it stated.
Goyal and O’Connor also took note of the joint stakeholder consultations held with the industries of both the sides and a broad agreement reached to constitute working groups on subjects of mutual interest, the commerce ministry added. “The ministers desired to review the progress made by the working groups and the recommendations there of at regular intervals”.
