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India Kenya explore trade settlement in local currencies and UPI payments to boost bilateral commerce
Economy
Published on 29 April 2026
They even discussed using UPI for cross border payments
India and Kenya are exploring a shift toward settling bilateral trade in their own local currencies, cutting reliance on third currencies. The talks in Nairobi also covered digital payment rails such as UPI. During a joint trade committee meeting, both sides signed an agreement to exchange customs information and outlined steps to further grow fast rising bilateral trade.
- India and Kenya discussed settling trade in local currencies
- Digital payment systems like UPI were part of the talks
- Nairobi meeting focused on boosting bilateral commerce
- Customs information exchange agreement signed
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times