February 12, Colombo (LNW): Indian Prime Minister Narendra Modi, in collaboration with Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth, will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, along with the introduction of RuPay card services in Mauritius. The event will take place via video conferencing.
India, a frontrunner in Fintech innovation and Digital Public Infrastructure, seeks to share its developmental experiences and innovations with partner countries. The launch is expected to strengthen digital connectivity between India, Sri Lanka, and Mauritius, leveraging the cultural and people-to-people linkages.
The implementation of UPI settlement services will streamline digital transactions for Indian nationals traveling to Sri Lanka and Mauritius, as well as for Mauritian nationals visiting India. Additionally, the extension of RuPay card services in Mauritius will empower Mauritian banks to issue cards based on the RuPay mechanism, facilitating the usage of RuPay cards for settlements in both India and Mauritius.
This initiative aims to enhance financial accessibility and connectivity, providing a faster and seamless digital transaction experience for a diverse range of individuals across the three countries.
