UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as ‘special day’

The launching of UPI services in Sir Lanka and Mauritius permits the provision of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as nicely as for Mauritian nationals travelling to India.
| Photo Credit: The Hindu

India’s Unified Payment Interface (UPI) services had been on February 12 rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with fashionable digital expertise.

India’s RuPay card services had been additionally launched in Mauritius at a digital ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe.

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In his remarks, Mr. Modi hoped the brand new fintech services would assist the 2 nations and stated the UPI is implementing “new responsibilities of uniting partners with India”.

“Today is a special day for the three friendly countries of the Indian Ocean Region as we are linking our historic ties with modern digital technology,” he stated. “I believe that Sri Lanka and Mauritius will benefit from the UPI system,” Mr. Modi stated.

The Prime Minister stated digital public infrastructure has led to a revolutionary change in India. He additionally highlighted India’s deal with its “neighbourhood first policy”.

“Be it a natural disaster, health-related, economic or supporting on the international stage, India has been the first responder, and will continue to be so,” he stated.

The launch of the Indian services in Sri Lanka and Mauritius got here amid New Delhi’s rising bilateral financial ties with the 2 nations.

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The transfer permits the provision of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as nicely as for Mauritian nationals travelling to India.

Developed by the National Payments Corporation of India (NPCI), UPI is an prompt real-time payment system to facilitate inter-bank transactions via cellphones. RuPay is a world card payment community from India, with vast acceptance at outlets, ATMs, and on-line.