Mauritius-Sri Lanka India's UPI service to be launched in Sri Lanka, Mauritius tomorrow
India's Unified Payment Interface (UPI) will be launched in Sri Lanka and Mauritius on Monday (February 12, 2024), the Ministry of External Affairs said on Sunday (January 11, 2024).
Indian PM Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius at 1 PM via video conferencing.
"India has emerged as a leader in Fintech innovation and Digital Public Infrastructure. Prime Minister has placed a strong emphasis on sharing our development experiences and innovation with partner countries," read a statement issued by the Ministry of External Affairs.
"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.
How will Indian nationals benefit from the service?
The launch will enable the 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.
The service was recently launched in France.
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