Thursday Nov 28, 2024
Thursday Nov 28, 2024
Monday, 12 February 2024 04:08 - - {{hitsCtrl.values.hits}}
Indian Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius today at 1 p.m. via video conferencing.
A statement from India’s High Commission said India has emerged as a leader in fintech innovation and digital public infrastructure. Prime Minister Modi has placed a strong emphasis on sharing development experiences and innovation with partner countries.
“Given India’s robust cultural and people-to-people linkages with Sri Lanka and Mauritius, the launch will benefit a wide cross-section of people through a faster and seamless digital transaction experience and enhance digital connectivity between the countries,” the statement said.
It said the launch will enable availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. The extension of RuPay card services in Mauritius will enable Mauritian banks to issue cards based on RuPay mechanism in Mauritius and facilitate usage of RuPay Card for settlements both in India and Mauritius.
