Advertisement
Following the successful launch of Unified Payments Interface (UPI) in France, India is set to extend its digital payment system to Sri Lanka and Mauritius, marking another milestone in the global adoption of Indian fintech solutions.
Prime Minister Narendra Modi, along with Mauritian Prime Minister Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe, will virtually attend the launch event scheduled for 1 pm today. The introduction of UPI services and RuPay cards in these countries underscores the growing digital connectivity and cooperation between India and its neighbors.
The launch of UPI services in Sri Lanka and Mauritius brings convenience to Indian travelers, allowing them to make seamless payments using UPI while visiting these countries. Additionally, Mauritian travelers journeying to India will also have access to this digital payment system, enhancing the overall travel experience.
India’s robust cultural and people-to-people ties with Sri Lanka and Mauritius lay the foundation for an inclusive digital transaction ecosystem. The extension of RuPay services further strengthens bilateral economic ties, enabling Mauritian banks to issue RuPay cards and facilitating settlements in both countries.
India’s emergence as a leader in fintech innovation and digital infrastructure underscores Prime Minister Modi’s vision of sharing development experiences and fostering innovation partnerships with partner countries. The launch of UPI services abroad reflects India’s commitment to promoting digital inclusivity and financial empowerment on a global scale.
The launch of UPI at the Eiffel Tower in Paris on February 2 exemplifies India’s ambition to globalize UPI, offering a secure and efficient mobile-based payment system. With its user-friendly interface and round-the-clock accessibility, UPI consolidates multiple banking features into a single app, revolutionizing digital payments both domestically and internationally.
