Brief by Shorts91 Newsdesk / 03:16pm on 11 Feb 2024,Sunday India Global
India's Unified Payment Interface (UPI) and RuPay card services are set to expand to Sri Lanka and Mauritius in a virtual ceremony on Monday. Prime Minister Narendra Modi, along with leaders from the two island nations, will witness the launch, emphasizing India's fintech innovation. Developed by the National Payments Corporation of India, UPI enables real-time inter-bank transactions via mobile phones, while RuPay is a widely accepted global card payment network. The move aims to enhance digital connectivity and provide seamless digital transaction experiences, benefiting a diverse range of individuals in the participating countries.
