Highlights

  • UPI services in Lanka and Mauritius
  • Modi to witness launch on Feb 12
  • Earlier, UPI was launched in Paris

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UPI services to be officially launched in Sri Lanka and Mauritius on Feb 12

India's fintech services—UPI and RuPay—will be officially launched in Sri Lanka and Mauritius

UPI services to be officially launched in Sri Lanka and Mauritius on Feb 12

India's Unified Payment Interface or UPI services will be launched in Sri Lanka and Mauritius. Besides that, RuPay card services will be launched in Mauritius. Prime Minister Narendra Modi will witness the launch via video conferencing on February 12.

The launch will enable the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India, the Indian High Commission said.

“India has emerged as a leader in Fintech innovation and Digital Public Infrastructure. Prime Minister has placed a strong emphasis on sharing our development experiences and innovation with partner countries. 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 Indian High Commission said in a statement.

Earlier this month, India formally launched UPI at the iconic Eiffel Tower in Paris, terming it as taking global Modi's vision of the Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016.

Modi had earlier this month said: "Great to see this- it marks a significant step towards taking UPI global. This is a wonderful example of encouraging digital payments and fostering stronger ties." UPI is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments into one hood, according to NPCI.

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