PM Inaugurates UPI
Services with Mauritius and Sri Lanka
Nepal, Bhutan, Singapore and UAE in the Gulf in Asia, now from Mauritius, RuPay card is being launched in Africa
Lankan President conveys greeting on consecration of Shri Ram Mandir
policy is ‘Neighborhood First’. Our maritime vision
is SAGAR i.e. Security And Growth for All in the
connecting with UPI both Sri Lanka and Mauritius will benefit and digital
transformation will get a boost
it natural disaster, health-related, economic or supporting on the
international stage, India has been the first responder, and will continue to
Minister of Mauritius, Mr Pravind Jugnauth informed that co-branded Rupay
card will be designated as domestic card in Mauritius.
extension of RuPay card services in Mauritius will
enable Mauritian banks to issue cards based on RuPay
mechanism in Mauritius and facilitate usage of RuPay
Card for settlements in India and Mauritius.
[ABS News Service/12.02.2024]
Prime Minister, Narendra Modi on 12 February, 2024 along with the President of
Sri Lanka, Mr Ranil Wickremesinghe and the Prime Minister of Mauritius, Mr
Pravind Jugnauth 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.
Minister of Mauritius, Mr Pravind Jugnauth informed that co-branded Rupay card will be designated as domestic card in
Mauritius. Today’s launch, the Prime Minister said, will greatly facilitate the
citizens of both countries.
Prime Minister underlined that digital public infrastructure has brought about
a revolutionary change in India, where the smallest of vendors in the remotest
of villages are transacting via UPI and making digital payments. Speaking about
the convenience and speed of UPI transactions, the Prime Minister informed that
more than 100 billion transactions took place via UPI last year worth Rs 2 lakh
crores or 8 trillion Sri Lankan rupees or 1 trillion Mauritius rupees. The
Prime Minister also mentioned making last-mile delivery through the GEM Trinity
of bank accounts, Aadhar and mobile phones where Rs 34 lakh crores or 400
billion US dollars has been transferred into the bank accounts of
beneficiaries. The Prime Minister informed that with CoWin
Platform India conducted the world's biggest vaccination programme. “Use of
technology is promoting transparency, reducing corruption and increasing
inclusivity in society”, the Prime Minister said.
Prime Minister stressed that “India’s policy is ‘Neighborhood
First’. Our maritime vision is SAGAR i.e. Security and
growth for all in the region. India does not see its development separately
from its neighbors.”
Prime Minister expressed the confidence that connection with UPI will benefit
Sri Lanka and Mauritius and 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”, the Prime Minister added. PM
Modi expressed delight that after Nepal, Bhutan, Singapore and UAE in the Gulf
in Asia, now from Mauritius RuPay card is being
launched in Africa. This will also facilitate the people coming to India from
Mauritius. The need to buy hard currency will also 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, the Prime Minister added.
the address, the Prime Minister extended his heartfelt gratitude towards
President Ranil Wickremesinghe and Prime Minister Pravind Jugnauth who played a
vital role in today’s launch. He also thanked the central banks and agencies of
the three countries for making this launch successful.
has emerged as a leader in Fintech innovation and Digital Public
Infrastructure. The Prime Minister has strongly emphasized sharing our
development experiences and innovation with partner countries. 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.
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 RuPay mechanism in Mauritius and facilitate usage of RuPay Card for settlements in India and Mauritius.