Unified Payment Interface (UPI) services were rolled out in Sri Lanka and Mauritius on Monday during a virtual ceremony attended by Prime Minister (PM) Narendra Modi and the top leadership of the two island nations, underlying New Delhi's leadership in the Indian Ocean Region.
India's RuPay card services were also launched in Mauritius. Lankan President Ranil Wickremesinghe and PM Pravind Jugnauth of Mauritius were present on the occasion. Jugnauth said the co-branded RuPay card would be designated as a domestic card in Mauritius.
Calling it a special day, Modi said, «Today we are connecting our historical relations in a modern digital way. This is proof of our commitment to the development of our people. Through fintech connectivity, not only cross-border transactions but also cross-border connections will be strengthened. India's Unified Payments Interface, that is UPI, is now performing a new responsibility — Uniting Partners with India.»
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The PM noted that digital public infrastructure has brought about a revolutionary change in India. «Even the smallest businessman in our smallest village is making digital payments because it has convenience as well as speed,» he said.
He also highlighted India's focus on its "neighbourhood first policy". «India's policy is Neighbourhood First. Our maritime vision is 'SAGAR', that is Security and Growth for All in the Region. Our goal is peace, security and development in the entire region. India does not see its development in isolation from its neighbouring friends.»