News

Modi to launch Unified Payment Interface services in Sri Lanka

11 Feb, 2024

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Indian Prime Minister Shri Narendra Modi, 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, Monday, via video conferencing.

India has emerged as a leader in Fintech innovation and Digital Public Infrastructure.

The Indian Prime Minister has placed a strong emphasis on sharing India’s development experiences and innovation with partner countries, the Indian High Commission in Sri Lanka said.

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 launch will enable 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. (Colombo Gazette)

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