India, Maldives sign agreement on UPI
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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.
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Good going India. Jai Hind!!!
Are Indians still going to Maldives and supporting them?
AFAIK everyone had boycotted that place.
Indian govt is still focused to send the tourist there.
@daydeals
We are not in support of de-dollarization. Communist country nahi hai humlog.
India has always been clear that we want to give an alternative to the world.
2nd thing, why we purchase crude oil with UPI ? Kuch bhi bolte ho yaar.
Do we currently buy crude oil with Visa/MasterCard ? 😀
Thora toh logic use karo.
We have SWIFT alternative - SFMS and INFINET
We already create Nostro and Vostro account system to trade with Russia and similar type of system to trade with UAE and other countries.
I hope all these UPI things dont bring charges to every end user at the end lol xD
good to hear the news:)
VU+ for more awareness