Abhishek012
TF Pioneer
India, Maldives sign agreement on UPI:
India and the Maldives on Friday signed an agreement on introducing the Unified Payments Interface (UPI) in the Indian Ocean archipelago, with external affairs minister S Jaishankar saying it will have a positive impact on tourism.
The memorandum of understanding (MoU) on the digital payment system was signed between the National Payments Corporation of India and the Maldives’ economic development and trade ministry after Jaishankar concluded his meeting with his Maldivian counterpart Moosa Zameer.
At a joint media interaction with Zameer, Jaishankar said UPI has taken financial inclusion to new levels, with 40% of the world’s real-time digital payments taking place in India. The MoU signed on Friday is the “first step towards bringing this digital innovation to the Maldives.”.
“I wish the very best to stakeholders on both sides and hope that we will soon see the first UPI transaction here. I should mention that it will have a very positive impact on tourism,” he said.
India and the Maldives on Friday signed an agreement on introducing the Unified Payments Interface (UPI) in the Indian Ocean archipelago, with external affairs minister S Jaishankar saying it will have a positive impact on tourism.
The memorandum of understanding (MoU) on the digital payment system was signed between the National Payments Corporation of India and the Maldives’ economic development and trade ministry after Jaishankar concluded his meeting with his Maldivian counterpart Moosa Zameer.
At a joint media interaction with Zameer, Jaishankar said UPI has taken financial inclusion to new levels, with 40% of the world’s real-time digital payments taking place in India. The MoU signed on Friday is the “first step towards bringing this digital innovation to the Maldives.”.
“I wish the very best to stakeholders on both sides and hope that we will soon see the first UPI transaction here. I should mention that it will have a very positive impact on tourism,” he said.
