India to Launch UPI Services in Sri Lanka and Mauritius, RuPay Cards in Mauritius

• 12 Feb 2024

On 12^th February, 2024, India's Unified Payment Interface (UPI) services and RuPay card services will debut in Sri Lanka and Mauritius, in a virtual ceremony attended by Indian Prime Minister and leaders from both nations.

Key Points

• Fintech Leadership: India's emergence as a leader in Fintech innovation and Digital Public Infrastructure underscores the significance of sharing developmental experiences with partner countries.
• Strengthening Cultural and People-to-People Links: The launch aims to enhance digital connectivity and facilitate seamless digital transactions between India, Sri Lanka, and Mauritius, leveraging the robust cultural and people-to-people ties.
• Benefits for Travellers: The initiative enables UPI settlement services for Indian nationals visiting Sri Lanka and Mauritius, and vice versa, facilitating convenient digital transactions during travel.
• Expansion of RuPay Card Services: The extension of RuPay card services in Mauritius allows Mauritian banks to issue RuPay cards locally, enabling cardholders to use them for settlements in both India and Mauritius.