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India's UPI services extend to Sri Lanka and Mauritius, PM Modi to virtually launch

  • Prime Minister Narendra Modi to virtually launch UPI services in Sri Lanka and Mauritius, along with RuPay card services in Mauritius, on February 12, 2024
  • The initiative aims to enhance digital connectivity and streamline digital transactions, benefiting residents and travelers in both Sri Lanka and Mauritius
  • UPI, a Fintech technology, has been a major success in India, with over 380 million users and billions of transactions facilitated monthly

11 Feb 2024

Prime Minister Narendra Modi is set to virtually launch Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, along with RuPay card services in Mauritius, on February 12, 2024, at 1 pm via video conferencing, announced the ministry of external affairs. The virtual event will also be attended by President of Sri Lanka, Ranil Wickremesinghe, and Prime Minister of Mauritius, Pravind Jugnauth. The initiative aims to bolster digital connectivity and streamline digital transactions, benefiting thousands in both countries.

The extension of UPI in Sri Lanka and Mauritius is expected to provide a faster and seamless digital transaction experience, facilitating Indian nationals traveling to these countries and vice versa. Additionally, the launch of RuPay card services in Mauritius will enable Mauritian banks to issue cards based on the RuPay mechanism, enhancing payment settlements between India and Mauritius. India's UPI mechanism, first launched in 2016, has witnessed significant success domestically, boasting over 380 million users and facilitating billions of transactions monthly, contributing to India's digital payments success story.

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