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India to Launch UPI Services in Sri Lanka and Mauritius, RuPay Cards in Mauritius
- 12 Feb 2024
On 12th 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.
