UPI services are set to be inaugurated in Sri Lanka and Mauritius
By siliconindia | Monday, February 12, 2024
The Ministry of External Affairs (MEA) highlighted India's leadership in fintech and digital public infrastructure. Prime Minister Modi aims to share India's development experiences and innovations with partner nations. The MEA announced the upcoming launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, with the participation of Prime Minister Modi, Sri Lanka President Ranil Wickremesinghe, and Mauritius Prime Minister Pravind Jugnauth. Additionally, RuPay card services are set to be introduced in Mauritius.
The Ministry of External Affairs (MEA) highlighted India's leadership in fintech and digital infrastructure, emphasizing Prime Minister Modi's commitment to sharing development experiences with partner nations. With strong cultural and people-to-people ties with Sri Lanka and Mauritius, the MEA stated that the launch of Unified Payment Interface (UPI) services will enhance digital connectivity, providing a faster and seamless digital transaction experience. The initiative aims to benefit a broad spectrum of individuals, facilitating UPI settlement services for Indian nationals in Sri Lanka and Mauritius and Mauritian nationals in India. The introduction of RuPay card services in Mauritius will enable Mauritian banks to issue RuPay cards, promoting their usage for settlements in both India and Mauritius.
France recently approved the use of UPI, making it accessible in the country. Indian tourists can now conveniently purchase Eiffel Tower tickets online using UPI, marking France as the first European nation to embrace UPI payments. The official announcement was made in Paris during a Republic Day celebration organized by the Indian Embassy. The Eiffel Tower is the inaugural merchant to accept UPI payments in France, with plans to extend this payment method to other merchants in the tourism and retail sectors, as stated by NPCI International Payments Limited.
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