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After France, Sri Lanka and Mauritius get UPI
Sri Lanka and Mauritius follow France as they join the UPI payments system.
The three leaders and RBI Governor Shaktikanta Das at the virtual launch event / X - @RBI
Indian Prime Minister Narendra Modi launched his country’s Unified Payments Interface (UPI) system in Mauritius and Sri Lanka in the presence of Mauritius PM Pravind Kumar Jugnauth and President of Sri Lanka Ranil Wickremesinghe.
The leaders were joined by Reserve Bank of India Governor Shaktikanta Das at the virtual launch. The expansion follows the successful implementation of UPI in France earlier this year.
In Colombo UPI transactions were facilitated by NPCI International Payments Limited and LankaPay - the country’s national payment network, while in Mauritius, the Bank of Mauritius initiated the launch of RuPay cards and UPI payment system.
Prime Minister @narendramodi, President of Sri Lanka, Ranil Wickremesinghe, and PM of Mauritius, Pravind Jugnauth witnessed the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius and RuPay card services in Mauritius through video conferencing. pic.twitter.com/3PPMLHeP11
— All India Radio News (@airnewsalerts) February 12, 2024
Taking to X, the Sri Lankan President’s office highlighted the impact of UPI transactions, connecting Sri Lanka with Tamil Nadu and Mumbai. This move is expected to benefit over 400,000 merchants. “Recent discussions with Indian Foreign Minister S Jaishankar show promising progress and collaboration with Mauritius further enhancing connectivity efforts,” the office added in the post.
The event, held under the auspices of Vichitra Bhanaka Ven. Maharagama Nanda Thero, commemorating his 70th birth anniversary and marked a significant milestone in the restoration of the temple's sacred artefacts. (4/4)
— President's Media Division of Sri Lanka - PMD (@PMDNewsGov) February 12, 2024
Read More: https://t.co/lxx8BkqlbJ#Buddhism #LKA #PMD pic.twitter.com/GU73FlMouj
Wickremesinghe’s statement further emphasized that UPI aligns with the 'Vision Statement' unveiled during his official visit to India, aiming to strengthen bilateral ties and benefit businesses in both countries.
Mauritius PM Jugnauth echoed his enthusiasm on X, stating, "Honoured to have e-launched the RuPay Card and UPI projects alongside Shri Narendra Modi Ji and His Excellency Ranil Wickremesinghe. A solid financial facilitator to make people-to-people contacts and businesses thrive."
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