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UPI will also be used for payment in Maldives, MoU was signed in the presence of S Jaishankar
UPI in Maldives: UPI i.e. Unified Payment Interface developed by National Payments Corporation of India is a system that provides an instant payment facility from one account to another using mobile. Soon this facility will also be available in neighboring country Maldives. NPCI and Maldives have signed an agreement for this.
India and Maldives have signed an agreement to start UPI payments in the archipelago nation. Giving this information, External Affairs Minister S Jaishankar said that this agreement will have a very positive impact on the tourist tourism industry of Maldives. This Memorandum of Understanding (MOU) was signed on Friday during the three-day visit of External Affairs Minister S Jaishankar to Maldives.
The Foreign Minister said in a post on X, "The National Payments Corporation of India (NPCI) and the Ministry of Economic Development and Trade of Maldives have signed an MoU for the introduction of a digital payment system in Maldives."
UPI, i.e. Unified Payment Interface, developed by the National Payments Corporation of India, is a system that provides instant payment facility from one account to another using mobile.
