Launch Event with Dignitaries: Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe, and Mauritius Prime Minister Pravind Jugnauth will participate in the launch of Unified Payment Interface (UPI) services and RuPay card services via video conference.
Expansion of UPI Services: The Ministry of External Affairs announced the launch of UPI services in Sri Lanka and Mauritius, facilitating digital payments for Indian nationals traveling to these countries and vice versa.
Enhanced Digital Connectivity: The introduction of UPI services aims to provide faster and seamless digital transactions, enhancing connectivity between India, Sri Lanka, and Mauritius.
RuPay Card Extension in Mauritius: The extension of RuPay card services in Mauritius allows Mauritian banks to issue RuPay cards, facilitating settlements in both countries. This move strengthens financial ties between India and Mauritius.
Previous Partnerships: Prior to this launch, NPCI International Payments Limited (NIPL) collaborated with Lyra in France to introduce UPI services. The initiative enabled Indian tourists to make UPI payments at iconic locations like the Eiffel Tower, simplifying transaction processes.
Benefits of the Launch: The launch enables UPI settlement services for travelers between India, Sri Lanka, and Mauritius, promoting seamless digital transactions. Additionally, the extension of RuPay card services enhances financial inclusivity and ease of transactions.
India’s Fintech Leadership: India’s leadership in fintech innovation and digital infrastructure is highlighted, emphasizing Prime Minister Modi’s commitment to sharing development experiences and innovation with partner countries.
Cross-section of Beneficiaries: The launch is expected to benefit a diverse range of individuals through improved digital transaction experiences and enhanced digital connectivity, leveraging India’s cultural and people-to-people linkages with Sri Lanka and Mauritius.
Digital Fee Collection in Bahrain: On February 7, the Indian Embassy in Bahrain established a digital fee collection kiosk in collaboration with ICICI Bank and SADAD Electronic Payment System BSC. This initiative offers convenient payment options for Indians residing in Bahrain for various services like passport renewal and marriage registration.
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