COLOMBO – Prime Ministers of India and Mauritius, Narendra Modi and Pravind Jugnauth, along with Sri Lankan President Ranil Wickremesinghe will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and RuPay card services in Mauritius, via video conferencing at 1:00 p.m. on Monday (12).
India has emerged as a leader in Fintech innovation and Digital Public Infrastructure, with Prime Minister Modi placing a strong emphasis on sharing India’s development experiences and innovation with partner countries.
A statement from the Indian High Commission in Sri Lanka said that 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.
It said 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 extension of RuPay card services in Mauritius, it said, will enable Mauritian banks to issue cards based on RuPay mechanism in Mauritius and facilitate usage of RuPay Card for settlements both in India and Mauritius.