Indians Can Now Pay With UPI In Sri Lanka, Mauritius: UPI, RuPay Launch Today


Mohul Ghosh

Mohul Ghosh

Feb 12, 2024


Prime Minister Narendra Modi will virtually witness the international unveiling of India’s homegrown digital payments rails – UPI and RuPay – in Sri Lanka and Mauritius on Monday, February 13th. The launches by partner governments signal growing worldwide policy recognition regarding open financial innovation ecosystems pioneered by India now.

Indians Can Now Pay With UPI In Sri Lanka, Mauritius: UPI, RuPay Launch Today

They intend extending convenient digital transaction experiences for traveling citizens through interoperable systems while boosting real-time connectivity among three economies bilaterally.

80 Countries Onboard UPI so Far

The National Payments Corporation of India (NPCI) developed UPI as an efficient instant money transfer infrastructure between bank accounts using mobile applications. With almost 70% Indians adopting it already, UPI has seen organic international expansion too with several countries across Latam, Middle East and Asia now committed participants.

RuPay payment network developed by NPCI also facilitates global card transactions today, benefitting Indians overseas while accepting inbound payments. Gradual geographic permeation helps advancing digital priorities.


Mohul Ghosh
Mohul Ghosh
  • 1847 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online