RBI announces that travellers from India visiting Sri Lanka and Mauritius can now utilize UPI for making payments.

On Monday, India’s Unified Payment Interface (UPI) services were introduced in Sri Lanka and Mauritius, hailed by Prime Minister Narendra Modi as a significant milestone in strengthening ties between the three nations through modern digital technology. Prime Minister Modi, alongside his Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe, participated in a virtual ceremony marking the launch of India’s RuPay card services in Mauritius.

Modi emphasized the transformative potential of digital infrastructure in India and reiterated India’s commitment to its “neighbourhood first policy.” The expansion of Indian services into Sri Lanka and Mauritius reflects the growing economic cooperation between New Delhi and the two countries. This initiative facilitates UPI settlement services for travellers between India, Sri Lanka, and Mauritius, enhancing convenience and efficiency in cross-border transactions.

Developed by the National Payments Corporation of India (NPCI), UPI offers a seamless real-time payment system via mobile phones, while RuPay serves as a widely accepted card payment network in India, now extended to Mauritius. Modi highlighted the exponential growth of UPI transactions, surpassing 100 billion transactions last year, with a total value exceeding Rs 2 lakh crores, benefiting both Sri Lanka and Mauritius.

Expressing optimism about the positive impact of UPI connectivity, Modi emphasized its potential to boost digital transformation in Sri Lanka and Mauritius. He also anticipated that Indian tourists, as well as residents of Indian origin in these countries, would derive significant advantages from this integration.

Modi also welcomed the introduction of RuPay cards in Mauritius, emphasizing the benefits of real-time, cost-effective transactions in local currencies. He underscored the significance of this launch as a testament to successful cooperation among nations in the Global South.

In his remarks, Prime Minister Jugnauth announced that co-branded RuPay cards would be recognized as domestic cards in Mauritius, further enhancing accessibility and usability for residents. Modi concluded by reaffirming India’s steadfast support for its neighbouring countries, emphasizing its commitment to assisting them during times of crisis and fostering enduring people-to-people ties.

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