As UPI launches in Sri Lanka and Mauritius, PM Modi calls it ‘uniting partners with India’

Syllabus: GS-III

Subject: International Relations

Topic: India and its neighbourhood.

Issue: UPI

Context: India launched UPI and RuPay card services in Sri Lanka and Mauritius on February 12, 2024.

Significance (+1 advantage for Mains)

ü  Digital connectivity among the three nations in the Indian Ocean region.

ü  RuPay card services extension facilitates seamless transactions between the two countries.

ü   Promoting collaboration and connectivity.

ü  India’s “neighborhood first” policy, fostering peace, security, and development in the Indian Ocean region.

ü  India’s leadership in Fintech innovation and digital infrastructure.

ü  India’s efforts to export UPI and the RuPay network to other countries, promoting international partnerships.

ü  Enhances digital connectivity, fosters economic integration, and facilitates smoother transactions in the region.

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