Countries Accepting UPI Payments: The countries in the world where the UPI payment system is being used include Singapore, UAE, Nepal, Bhutan, Oman, Japan, Malaysia. After France, users in neighboring countries Sri Lanka and Mauritius will now be able to transact through UPI.
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India's digital payment system UPI (Unified Payments Interface) has now reached abroad along with the country. After France, Indian users in neighbouring Sri Lanka and Mauritius will be able to pay easily through UPI. UPI was launched in India in 2016.
India's Unified Payments Interface (UPI) service was launched in Sri Lanka and Mauritius on Monday. Prime Minister Narendra Modi, President of Sri Lanka Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth also participated in the event through video conferencing. The launch of Indian services in Sri Lanka and Mauritius comes against the backdrop of India's growing bilateral economic ties with the two countries.
This will make UPI transactions available to Indian citizens travelling to Sri Lanka and Mauritius as well as citizens of these countries travelling to India. Along with this, RuPay cards have also been launched in Mauritius today.With the extension of RuPay service, Mauritian banks will be able to issue RuPay cards and use them for settlement in both India and Mauritius.
It became massively popular in India during the Covid pandemic. With over 380 million users, UPI had recorded 74 billion transactions amounting to $1.53 trillion in the year 2022. In terms of UPI transactions, PhonePe leads the pack, followed by Google Pay and Paytm, respectively.
Last week, France had announced that Indian tourists visiting the Eiffel Tower will be able to buy tickets by making UPI payments. Now users in Sri Lanka and Mauritius will also be able to pay with UPI.
Among the countries that have adopted UPI, it is also active in the United Arab Emirates, Singapore, Nepal and Bhutan. The Indian government has signed an agreement with Russia for the use of UPI. Now, talks are underway with Indonesia, Latin America and Africa.
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On the launch of UPI services in both the countries, Prime Minister Modi said, Today is a special day for the three friendly countries of the Indian Ocean region.UPI is taking on a new responsibility of uniting partners with India.
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