India, Sri Lanka discuss early launch of UPI payment system
11 months, 2 weeks ago

India, Sri Lanka discuss early launch of UPI payment system

Firstpost  

The agreement on the acceptance of the Unified Payments Interface in Sri Lanka was formalised in July 2023 during the two-day visit of Sri Lanka President Ranil Wickremesinghe to India, where he signed the accord with Prime Minister Narendra Modi Six months following the joint announcement by the prime ministers of India and Sri Lanka, discussions have taken place regarding the accelerated implementation of the UPI payment system. pic.twitter.com/LxFeymQ7oi — India in Sri Lanka January 8, 2024 India has once again expressed its commitment to supporting the debt restructuring process in Sri Lanka, a nation facing financial challenges. The agreement on the acceptance of the Unified Payments Interface in Sri Lanka was formalised in July 2023 during the two-day visit of Sri Lanka President Ranil Wickremesinghe to India, where he signed the accord with Prime Minister Narendra Modi. Discussed early launch of UPI payment system in SL, growth in INR trade settlements, and India’s support in Lanka’s debt restructuring process,” said a post on X by the High Commissioner of India in Colombo after the meeting.

India Sri Lanka Payment Lanka Sri Upi High Commissioner Cbsl Early Launch Upi Payment System  early  system  restructuring  meeting  discuss  payment  launch  debt  commissioner  2023  upi  sri  economic  india  lanka

History of this topic

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
1 week, 3 days ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

Maldives Embraces UPI: A Step Towards Economic Prosperity
2 months ago

Maldives Embraces UPI: A Step Towards Economic Prosperity

The Hindu  

Maldives President Mohamed Muizzu has announced the introduction of India's UPI payment service, UPI, in the country. UPI is an instant real-time payment system that will facilitate inter-bank transactions through mobile phones. The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure.

Maldives Embraces India's UPI: A Step Towards Economic Prosperity
2 months ago

Maldives Embraces India's UPI: A Step Towards Economic Prosperity

India TV News  

Maldives President Mohamed Muizzu has announced the introduction of India's Unified Payments Interface (UPI) in the country. The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure.

Swiggy integrates UPI for 5-second in-app payments: How does it work?
4 months, 1 week ago

Swiggy integrates UPI for 5-second in-app payments: How does it work?

India TV News  

Swiggy, a popular online food delivery platform has recently announced the launch of 'Swiggy UPI', a new integration of National Payments Corporation of India’s digital payments solution. Users could complete UPI transactions without leaving the Swiggy app, which will reduce the payment process from five steps to just one, the food aggregator stated in a statement. Anurag Panganamamula, Head of …

India to introduce UPI payment service in Maldives
4 months, 2 weeks ago

India to introduce UPI payment service in Maldives

The Hindu  

India and Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a "very positive" impact on its tourism sector, External Affairs Minister S. Jaishankar has said. "Witnessed signing of MoU between National Payments Corporation of India and Ministry of Economic Development and Trade of Maldives on introduction of digital payment system …

India, Maldives sign agreement on UPI
4 months, 2 weeks ago

India, Maldives sign agreement on UPI

Hindustan Times  

New Delhi: India and the Maldives on Friday signed an agreement on introducing the Unified Payments Interface in the Indian Ocean archipelago, with external affairs minister S Jaishankar saying it will have a positive impact on tourism. EAM S Jaishankar met with Maldivian counterpart Moosa Zameer in Male The memorandum of understanding on the digital payment system was signed between …

PhonePe Collaborates With LankaPay To Enable Payments Using UPI Across Sri Lanka | ABP News
7 months ago

PhonePe Collaborates With LankaPay To Enable Payments Using UPI Across Sri Lanka | ABP News

ABP News  

India's fintech major PhonePe has teamed up with LankaPay to enable its users to make payments using UPI across Sri Lanka. Announcing the partnership at a mega event organised in Colombo, PhonePe said that its app users travelling to Sri Lanka will be able to make payments using UPI across LankaPay QR merchants. "From Sri Lanka standpoint perspective if you …

PhonePe launches UPI services in Sri Lanka in collaboration with LankaPay
7 months, 1 week ago

PhonePe launches UPI services in Sri Lanka in collaboration with LankaPay

Op India  

India’s fintech company PhonePe Unified Payments Interface has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. @PhonePe UPI payments goes live in Sri Lanka with HC @santjha & @CBSL Governor Dr. Nandalal Weerasinghe gracing the launch event. @PhonePe UPI …

UPI now accepted in Nepal: How it works and other key details
9 months, 1 week ago

UPI now accepted in Nepal: How it works and other key details

Hindustan Times  

UPI in Nepal: UPI will now be operational in Nepal as well, National Payments Corporation of India announced. The move will help UPI users to scan QR codes for payments while travelling to Nepal as the NPCL said, “NPCI International Payments Ltd, the international division of the National Payments Corporation of India, and Fonepay Payment Service Ltd, Nepal's largest payment …

RBI and Nepal's Central Bank sign terms for UPI-NPI integration
10 months, 1 week ago

RBI and Nepal's Central Bank sign terms for UPI-NPI integration

Op India  

The Reserve Bank of India and Nepal Rastra Bank on Thursday signed and exchanged Terms of Reference for integration of fast payment systems of India and Nepal, viz., the Unified Payments Interface of India and National Payments Interface of Nepal, respectively. The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems …

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'
10 months, 1 week ago

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as 'special day'

The Hindu  

India's Unified Payment Interface services were on February 12 rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with modern digital technology. India's RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe. …

UPI Services Will Begin in Sri Lanka and Mauritius
10 months, 1 week ago

UPI Services Will Begin in Sri Lanka and Mauritius

Deccan Chronicle  

Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth, will witness the launch of the Unified Payment Interface services in Sri Lanka and Mauritius and also the RuPay card services in Mauritius on Monday afternoon via video conferencing, New Delhi announced on Sunday. The launch of the service in India's southern …

Sri Lanka, Mauritius will get UPI services, PM Modi to be virtually present
10 months, 1 week ago

Sri Lanka, Mauritius will get UPI services, PM Modi to be virtually present

Hindustan Times  

Prime Minister Narendra Modi will be present at the launch of Unified Payment Interface services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius, on 12 February, 2024 at 1pm via video conferencing, the ministry of external affairs said in a press release on Sunday. Prime Minister Narendra Modi will witness the launch of Unified Payment Interface …

India's UPI system leading in cross-border payment: U.S. treasury official
1 year, 2 months ago

India's UPI system leading in cross-border payment: U.S. treasury official

The Hindu  

India’s Unified Payments Interface system stands out in advancing bilateral links with other countries, including Singapore and the United Arab Emirates, a U.S. treasury official said. Mr. Shambaugh said several initiatives are already underway to upgrade legacy payment systems. India stands out as a jurisdiction advancing bilateral links between its Unified Payments Interface system and those of other countries, including …

India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 3 months ago

India in talks with countries in LatAm, Africa for UPI, RuPay

Live Mint  

New Delhi: India is in talks with several South American and African nations for introducing Unified Payment Interface and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said. “The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms,” the official …

India's User-Friendly UPI System Leaves German Minister Fascinated
1 year, 4 months ago

India's User-Friendly UPI System Leaves German Minister Fascinated

News 18  

India’s Unified Payments Interface often earn praise for its efficiency and user-friendly mechanism. The latest to join the list was Germany’s Federal Minister for Digital and Transport, Volker Wissing who was fascinated while making UPI payment. The video of the German minister making payment using a scan code was shared by the German Embassy in India which termed UPI, one …

India aids Sri Lanka to fund its digital identity project, hands over INR 450 million
1 year, 4 months ago

India aids Sri Lanka to fund its digital identity project, hands over INR 450 million

India TV News  

Aid to Sri Lanka: ​India has handed over an advance aid of INR 450 million to Sri Lanka to fund its digital identity project, a significant step in its digitalisation programme being implemented through the Indian grant assistance. “Signifying the Indian government’s commitment to the initiative, the Indian High Commissioner handed over a significant contribution of Indian Rs 450 million …

Still incomplete: on India-Sri Lanka ties and their vision
1 year, 5 months ago

Still incomplete: on India-Sri Lanka ties and their vision

The Hindu  

With a joint statement on economic cooperation, India and Sri Lanka outlined a forward-looking vision for their relations. The statement, entitled “Promoting Connectivity, Catalysing Prosperity: India-Sri Lanka Economic Partnership Vision”, released after talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in Delhi last week, lays out the vision in five areas: maritime, air, energy, trade and …

‘France to soon start using India’s UPI payment mechanism ’: PM Modi
1 year, 5 months ago

‘France to soon start using India’s UPI payment mechanism ’: PM Modi

Live Mint  

India and France have agreed to use Unified Payments Interface payment mechanism which will begin from the iconic Eiffel Tower, Prime Minister Narendra Modi announced on Thursday. Addressing the Indian community at La Seine Musicale in Paris, PM Modi said, “Be it India's UPI or other digital platforms, they have brought a huge social transformation in the country and I …

From Your Sabziwala to Countries Like Singapore, How UPI Has Changed the Way You Pay - News18
1 year, 9 months ago

From Your Sabziwala to Countries Like Singapore, How UPI Has Changed the Way You Pay - News18

News 18  

Keeping up with the digital era, the Centre presented an idea that significantly reduced the worry of not having enough cash or an ATM nearby. India’s UPI journey began almost seven years ago and since then, the report card has showed only promising outcomes, including its role in boosting the fin-tech ecosystem. In December, Bharat Interface for Money was launched …

DC Edit | UPI may be a game-changer
1 year, 10 months ago

DC Edit | UPI may be a game-changer

Deccan Chronicle  

Indians have witnessed but possibly overlooked a proud national accomplishment. It concerns the virtual launch of a linkage in real time between the biggest public payment platform of India, the Unified Payments Interface, and PayNow of Singapore. Creating the UPI was a great achievement for India, both from the vantage points of policy and vision, and creating a legal and …

UPI-PayNow linked to ease payments with Singapore
1 year, 10 months ago

UPI-PayNow linked to ease payments with Singapore

The Hindu  

India’s Unified Payments Interface — better known as UPI — and Singapore’s PayNow were officially connected on Tuesday, allow for a “real-time payment linkage”. “Delighted to launch the linkage between PayNow and India’s Unified Payments Interface with PM Narendra Modi today. Congratulations to the Monetary Authority of Singapore, the Reserve Bank of India and all the stakeholders in Singapore and …

India's UPI and Singapore's PayNow are now linked: How will this benefit users?
1 year, 10 months ago

India's UPI and Singapore's PayNow are now linked: How will this benefit users?

Firstpost  

India has experienced a technological revolution in recent years. With the Unified Payments Interface being connected to PayNow on Tuesday, Indians can now send money to their friends, coworkers, and relatives in Singapore via digital payment systems like Google Pay and PayTM. 🎥A short film screened on UPI of India and PayNow of Singapore It elucidates how the linkage of …

Indo-Lanka FTA to be revived and upgraded, says Ranil Wickremesinghe
2 years, 3 months ago

Indo-Lanka FTA to be revived and upgraded, says Ranil Wickremesinghe

The Hindu  

Sri Lanka will revive its Free Trade Agreement with India and upgrade it to a “a comprehensive economic and technological partnership”, President Ranil Wickremesinghe has said, signalling Colombo’s willingness to revisit a stalled pact. Addressing the Sri Lanka India Society on Thursday, Mr. Wickremesinghe said his government would take steps for better trade integration with India. Speaking of areas with …

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions
2 years, 4 months ago

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

The Hindu  

Expanding further outside India, the indigenously developed real-time payments solution the Unified Payments Interface will foray into the United Kingdom market starting with QR code-based transactions. The NPCI International Payments Ltd has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the U.K. NIPL is the wholly-owned subsidiary of National Payments Corporation …

UPI will Act as Delhi’s Digital Bridge to Drive Rupee Across Global Payment Corridors
2 years, 4 months ago

UPI will Act as Delhi’s Digital Bridge to Drive Rupee Across Global Payment Corridors

News 18  

A cash on delivery payment, purchase at a hypermarket, mom-and-pop stores and vegetable cart, mobile recharge, bill payment, filling at a fuel station and an offering at a temple – what cuts across all these activities is a UPI payment — scan and pay. This development of zero dependence on foreign card network operators is India’s response to US sanctions …

Sri Lanka ruling party dissidents brief India on political impasse
2 years, 7 months ago

Sri Lanka ruling party dissidents brief India on political impasse

Firstpost  

The Rajapaksa family is coming under increasing pressure to resign with tens of thousands of protesters camping permanently outside the presidential secretariat for three weeks now. Colombo: A delegation of the ruling SLPP coalition dissidents representing the former President Maithripala Sirisena-led SLFP, has met the Indian High Commissioner in Sri Lanka Gopal Baglay and briefed him on the current political …

India's credit facility, fuel, food proved to be lifeline for Sri Lankans: Envoy
2 years, 8 months ago

India's credit facility, fuel, food proved to be lifeline for Sri Lankans: Envoy

Hindustan Times  

With support from New Delhi since January this year to Sri Lanka exceeding 2.5 billion US dollars, India has responded to urgent requests from Colombo with promptness, India's High Commissioner to Sri Lanka said. Amid massive protests in Sri Lanka over the economic crisis, Gopal Baglay told news agency ANI that four consignments totalling over 150,000 tons of jet aviation …

Sri Lankan finance minister Basil Rajapaksa meets PM Narendra Modi amid Sri Lankan economic crisis
2 years, 9 months ago

Sri Lankan finance minister Basil Rajapaksa meets PM Narendra Modi amid Sri Lankan economic crisis

The Hindu  

Sri Lanka’s Finance Minister Basil Rajapaksa met Prime Minister Narendra Modi in New Delhi Wednesday morning to discuss bilateral matters and further Indian assistance to the island nation which is in the grips of an extraordinary economic crisis. At that time, he held talks with External Affairs Minister S. Jaishankar and Finance Minister Nirmala Sitharaman, where both sides agreed on …

Opinion | Bridging the financial divide digitally
4 years, 3 months ago

Opinion | Bridging the financial divide digitally

Live Mint  

The world economy has succumbed to the covid-19 pandemic over the past few months, leading to steep cuts in discretionary purchase. The phenomenal growth of the Unified Payment Interface in a country as diverse as India has drawn attention of all the big tech companies around the world with firms like Google requesting the US Federal Reserve to build a …

Discover Related