As UPI launches in Sri Lanka and Mauritius, PM Modi calls it ‘uniting partners with India’
As UPI launches in Sri Lanka and Mauritius, PM Modi calls it ‘uniting partners with India’
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | February 13, 2024 | International Relations
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. |
Source: Indian Express
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