Now avail of UPI services and RuPay in Mauritius and Sri Lanka

New Delhi: Now avail of UPI services and RuPay in Mauritius and Sri Lanka! Prime Minister Narendra Modi along with the President of Sri Lanka, Ranil Wickremesinghe and the Prime Minister of Mauritius, Pravind Jugnauth, today jointly inaugurated the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius via video conferencing.

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 will enable Mauritian banks to issue cards based on the RuPay mechanism in Mauritius and facilitate usage of RuPay Card for settlements in India and Mauritius.

Jugnauth said the co-branded Rupay cards will be designated as domestic cards in Mauritius. Today’s launch, he said, will greatly facilitate the citizens of both countries.

Modi said today marked a “special day for three friendly nations of India, Sri Lanka and Mauritius when their historic connections take the form of modern digital connect”. He underlined fintech connectivity will further strengthen cross-border transactions and connections. “India’s UPI or United Payments Interface comes in a new role today – Uniting Partners with India”, Modi said.

Referring to the Vision Document that was adopted during the last visit of the Sri Lankan President, Modi highlighted the strengthening of financial connectivity as its key component. These discussions were conducted with Jugnauth also when he was the special guest during the G20 Summit.

The connection with UPI will benefit Sri Lanka and Mauritius, and the digital transformation will get a boost, local economies will witness positive change and tourism will be promoted. “I am confident that Indian tourists will give priority to destinations with UPI. People of Indian origin living in Sri Lanka and Mauritius and students studying there will also get special benefits from it”, Modi said. He mentioned that after Nepal, Bhutan, Singapore and the United Arab Emirates in Asia, now from Mauritius RuPay card was launched in Africa. This will facilitate the people coming to India from Mauritius, as the need to buy hard currency will reduce. “The UPI and RuPay card system will enable real-time, cost-effective and convenient payments in our own currency. In the coming time, we can move towards cross-border remittances i.e. Person to Person (P2P) payment facility,” he added.

The Indian Prime Minister underlined that today’s launch symbolizes the success of Global South cooperation.

President of Sri Lanka, Ranil Wickremesinghe, congratulated Modi for the consecration of Shri Ram Mandir in Ayodhya. He also emphasized the centuries-old economic relations between India and Sri Lanka. The President hoped to maintain the momentum of connectivity and deepening of the relationship between the two countries.

– global bihari bureau