India’s Unified Payment Interface (UPI) services were launched in Sri Lanka and Mauritius on Monday, with Prime Minister Narendra Modi describing it as linking historical ties with modern digital technology.
India’s RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe.
In his remarks, Modi expressed hope that the new fintech services will help both countries and said that UPI is imposing “new responsibilities to unite partners with India”.
“Today is a special day for three friendly countries in the Indian Ocean region as we bridge our historic ties with modern digital technology,” he said.
“I believe that the UPI system will benefit Sri Lanka and Mauritius,” Modi said.
The Prime Minister said that digital public infrastructure has brought about a revolutionary change in India. He also highlighted India’s focus on its “Neighborhood First Policy”.
“Be it natural disasters, health related, economic or support on the international stage, India has been and will continue to be a first responder,” he said.
The launch of Indian services to Sri Lanka and Mauritius comes amid New Delhi’s growing bilateral economic ties with both countries.
The move enables the availability of UPI settlement services for Indian citizens traveling to Sri Lanka and Mauritius as well as Mauritian citizens traveling to India.
Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones. RuPay is a global card payments network from India with wide acceptance at stores, ATMs and online.
(TagstoTranslate) UPI services rollout Sri Lanka Mauritius RuPay Card India UPI(T)India(T)Digital Payments(T)RuPay(T)NPCI