UPI in Mauritius, Sri Lanka: The Unified Payment Interface (UPI) services was launched in Sri Lanka and Mauritius, as announced by the Ministry of External Affairs on February 12 at 1 pm. India has successfully initiated its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, accompanied by the introduction of RuPay card services in Mauritius as part of a strategic endeavour.
The inaugural UPI transaction in Sri Lanka was conducted by an Indian, marking a milestone in cross-border digital payments. The virtual ceremony witnessed the participation of Mauritian Prime Minister Pravind Jugnauth, Sri Lanka's President Ranil Wickremesinghe, and Indian Prime Minister Narendra Modi.
Crafted by the National Payments Corporation of India (NPCI), UPI services offer instant real-time payment solutions via mobile phones, while RuPay, an Indian-origin card payment network, boasts global recognition and broad acceptance at various points of sale, ATMs, and online platforms. This initiative underscored New Delhi's commitment to bolstering bilateral economic ties with Sri Lanka and Mauritius, fostering digital connectivity and financial cooperation.
The Ministry of External Affairs (MEA) highlights India's leadership in Fintech innovation and Digital Public Infrastructure, with the Prime Minister actively promoting the exchange of development experiences and innovative solutions with partner nations. The launch will facilitate the accessibility of UPI settlement services for Indian citizens visiting Sri Lanka and Mauritius, as well as for Mauritian nationals traveling to India.Read more on livemint.com