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. |
