Peru
RBI Announces Integration of UPI with European TIPS for Cross-Border Payments
Nov 22, 2025 02:58 am CST
The Reserve Bank of India has announced the interlinking of India's Unified Payments Interface (UPI) with the European TARGET Instant Payment Settlement system, enabling seamless cross-border remittances between India and the Euro Area. This initiative aligns with the G20 Roadmap for enhancing international payment systems, making them more affordable and accessible.
Chinese EV Manufacturers Dominate South American Market While Tesla Remains Absent
Nov 17, 2025 09:49 pm CST
Chinese electric vehicle manufacturers are rapidly expanding across South America, capturing significant market share in countries like Peru, Chile, Uruguay, and Brazil. While Tesla lacks official presence in the region, companies like BYD, Geely, and GWM offer more affordable options at around 60% of Tesla's price point. New infrastructure such as China's Chancay megaport in Peru is facilitating increased distribution of Chinese vehicles throughout the continent, with EV adoption rates reaching record highs despite challenges in charging infrastructure.