AGP Executive Report
Last update: 5 hours agoUPI Surge: India’s UPI hit an all-time monthly high in August with 24.51 billion transactions worth Rs 29.82 lakh crore, up 22% in volume and 20% in value year-on-year, with festive demand around Raksha Bandhan driving the jump. Cross-Border Payments: UPI is now live in 11 countries as Uzbekistan becomes the latest market, with Indian travellers able to scan UZQR codes and pay merchants via UPI-enabled apps under an NPCI International and Uzbekistan’s NIPC/HUMO partnership. Retail Deal Watch: Shoprite Holdings agreed to buy 100% of South Africa’s coffee chain Vida e Caffè, strengthening its quick-service restaurant push and expanding Vida’s footprint across Africa including Mauritius. Energy Subsidy Pressure: Nigeria’s electricity subsidy bill rose to N1.928 trillion in 2025 as regulators kept end-user tariffs frozen below cost-reflective rates, widening the fiscal gap. Anti-Corruption Cooperation: Malaysia’s MACC joined the GlobE Network plenary in Vienna to boost cross-border corruption investigations and information-sharing. Tourism Policy Shift: Thailand will cut visa-free stays from 60 to 30 days for nationals of 60 countries from September 15, while Mauritius and Seychelles get 15-day exemptions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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