India’s Unified Payment Interface i.e. UPI is becoming global and many countries have shown interest in adopting it. Now it is going to be expanded further and under this, users in Mauritius and Sri Lanka will also be able to use UPI. Prime Minister Narendra Modi will launch this service in both the countries today on February 12 at 1 pm.
Facility of RuPay card along with UPI Launch In Moritius-Sri Lanka
Information about this launch was shared by the Ministry of External Affairs while issuing a press release on Sunday. After the launch of UPI services in Sri Lanka and Mauritius, people of both the countries will be able to use it at their respective places. Apart from this, tourists going from India to Mauritius and Sri Lanka and tourists coming from there to India will also be able to make payment through this. Not only UPI, but RuPay card service will also be launched in Mauritius.
PM Modi will launch at 1 pm
The UPI launch event in Mauritius and Sri Lanka will take place at 1 pm and PM Modi will launch it through video conferencing. During this, along with Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth along with the Central Bank Governors of the three countries will also be present. It is noteworthy that recently UPI service has been started in France also. Through this, the facility to book tickets for Eiffel Tower is also being provided.
UPI was started in 2016
The popularity of India’s Unified Payment Interface (UPI) is continuously increasing. This service, run by the National Payment Corporation of India (NPCI), was launched by the Modi government in 2016. It has made online payment very easy through money transactions. UPI provides the facility to transfer money directly to the bank account in an easy manner. It is capable of real-time fund transfer and has been developed from the IMPS model.
Active in many countries including France-Singapore
Before the launch of UPI in Sri Lanka and Mauritius, the Indian payment system is active in France, Singapore, UAE, Nepal, Bhutan. Let us tell you that after the introduction of UPI, there has been a significant increase in online transactions. It is increasing year after year and this can be estimated by looking at the figures of NPCI. According to this, last year also in December 2023, a record transaction of Rs 18.23 lakh crore was done through UPI, which was 54 percent more than the same period of the previous year 2022.