PM Narendra Modi said Indian tourists are likely to give priority to destinations with UPI link, while launching the payment service in Sri Lanka and Mauritius, along with Lankan President Ranil Wickremesinghe and Mauritius PM Pravind Jugnauth.
After this launch, UPI QR code can be used in two countries, while Rupay cards can also be used in Mauritius. Visitors from Mauritius can get Rupay cards from local banks for use in India, RBI said.
The PM, in his address, said that the launch marks a special day for three friendly nations - India, Sri Lanka and Mauritius - with the comments coming amid New Delhi’s tense relations with Maldives in recent weeks. While pitching it as a success of Global South cooperation, Modi said the launch of the fintech product will further strengthen cross-border payments and connections. “India’s UPI comes in a new role today – ‘Uniting Partners with India’,” he said.
The PM 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 neighbours.”