Abhishek012
TF Pioneer
Now, UPI-based payments to be accepted in Sri Lanka:
India and Sri Lanka have signed an agreement to introduce Unified Payments Interface (UPI) in Sri Lanka, which will increase Fintech connectivity, according to Prime Minister Narendra Modi. The announcement was made during Sri Lankan President Ranil Wickremesinghe's visit to India.
Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghe in India signed an agreement on Unified Payments Interface (UPI) acceptance in Sri Lanka on Friday.
The agreement happened during Sri Lanka President Ranil Wickremesinghe's two-day visit to India.
"The Agreement signed to launch UPI in Sri Lanka, will increase Fintech connectivity," says PM Narendra Modi during joint address with the Sri Lankan President on the UPI launch.
India and Sri Lanka will conduct feasibility studies on petroleum line, land bridge connectivity between the countries, India's Prime Minister Narendra Modi said on Friday.
Earlier, PM Modi during his trip to France had also announced the launch of UPI for Indians starting with
India’s UPI and Singapore’s PayNow also signed an agreement this year paving the way for users in the two countries to make seamless, real-time, and secure cross-border transactions.
National Payments Corporation of India (NPCI) is also in talks with other countries in the USA, Europe, and West Asia to extend UPI services.
As per RBI data, UPI transactions stood at Rs 139.2 trillion in FY23 or about 73 percent of all non-cash transactions in India in 2022. According to a PwC report, daily transactions are likely to reach 1 billion by 2026–2027, accounting for about 90 percent of all non-cash transactions.
India and Sri Lanka have signed an agreement to introduce Unified Payments Interface (UPI) in Sri Lanka, which will increase Fintech connectivity, according to Prime Minister Narendra Modi. The announcement was made during Sri Lankan President Ranil Wickremesinghe's visit to India.
Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghe in India signed an agreement on Unified Payments Interface (UPI) acceptance in Sri Lanka on Friday.
The agreement happened during Sri Lanka President Ranil Wickremesinghe's two-day visit to India.
"The Agreement signed to launch UPI in Sri Lanka, will increase Fintech connectivity," says PM Narendra Modi during joint address with the Sri Lankan President on the UPI launch.
India and Sri Lanka will conduct feasibility studies on petroleum line, land bridge connectivity between the countries, India's Prime Minister Narendra Modi said on Friday.
Earlier, PM Modi during his trip to France had also announced the launch of UPI for Indians starting with
India’s UPI and Singapore’s PayNow also signed an agreement this year paving the way for users in the two countries to make seamless, real-time, and secure cross-border transactions.
National Payments Corporation of India (NPCI) is also in talks with other countries in the USA, Europe, and West Asia to extend UPI services.
As per RBI data, UPI transactions stood at Rs 139.2 trillion in FY23 or about 73 percent of all non-cash transactions in India in 2022. According to a PwC report, daily transactions are likely to reach 1 billion by 2026–2027, accounting for about 90 percent of all non-cash transactions.
