PM Modi Advocates Global Expansion Of UPI Payments
· India · NDTV, Hindustan Times
Prime Minister Narendra Modi has called for the international expansion of the Unified Payments Interface (UPI) at the Fintect Fest. He specified that the rollout should prioritize nations with a significant Indian diaspora and those maintaining high trade volumes with India. The government aims to partner with these countries to integrate their respective financial systems with India's digital infrastructure.
Why it matters
Expanding UPI globally could simplify cross-border remittances and trade for millions of non-resident Indians and businesses, potentially reducing transaction costs and increasing financial connectivity.
Read the original report — NDTV
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