NEW DELHI, Feb 12: Prime Minister Narendra Modi said that India’s Unified Payment Interface (UPI) services, which connect traditional relationships with contemporary digital technology, were launched in Mauritius and Sri Lanka on Monday. Along with Prime Minister Modi, President Ranil Wickremesinghe of Sri Lanka, and his Mauritian counterpart Pravind Jugnauth attended the virtual event launching India’s RuPay card services in Mauritius. In his speech, Modi expressed his optimism that the two countries will benefit from the new fintech services and stated that the UPI is taking on “new responsibilities of uniting partners with India.”“We are connecting our historical connections with contemporary digital technology today, making it a unique day for the three friendly nations of the Indian Ocean Region,” he remarked. “I think the UPI system will be beneficial for Mauritius and Sri Lanka,” Modi declared. According to the prime minister, India has undergone a dramatic transformation thanks to digital public infrastructure. Additionally, he emphasised India’s emphasis on its “neighbourhood first policy.” “India has been the first responder, and will continue to be so, whether it is a natural disaster, health-related issue, economic issue, or assistance on the international stage,” the speaker declared.With New Delhi‘s bilateral commercial relations to Sri Lanka and Mauritius growing, Indian services were introduced in both nations. With this change, Indian nationals flying to Sri Lanka and Mauritius as well as Mauritius nationals travelling to India can now access UPI settlement services. UPI is an instantaneous real-time payment system designed by the National Payments Corporation of India (NPCI) to make interbank mobile transactions easier. India’s RuPay is a widely accepted global card payment network that may be found online, in stores, and at ATMs.
