It’s been quiet on the Fintech front this week, which is fortunate because I’ve been busy at the CB+DC Conference in Nassau, Bahamas. But thanks to Crunchfish’s Joachim Samuelsson, here’s something interesting…
India Unveils UPI–UPU Integration at Universal Postal Congress (Fortune India)
The UPI-UPU Integration Project, reportedly launched at the 28th Universal Postal Congress in Dubai, aims to connect India’s Unified Payments Interface (UPI) with the Universal Postal Union (UPU) international interconnection platform. This initiative is a collaboration between India’s Department of Posts, NPCI International Payments Ltd, and the UPU, with the goal of creating a seamless, fast, secure, and affordable channel for cross-border payments—especially remittances. However, it’s not clear whether the initiative is just aimed at making remittance payments from the UPU’s 192 member countries, or to encompass multi-way global usage through international postal networks. I’ve haven’t found any further detail on either the UPI or UPU webpages, so stay tuned. [Source: Fortune India]
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I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.

