India, Sri Lanka, Mauritius Strengthen Digital Connectivity Through UPI & RuPay Services Inauguration

GG News Bureau
New Delhi, 12th Feb. In a stride towards bolstering digital connectivity and financial inclusion, Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Mauritian Prime Minister Pravind Jugnauth, jointly inaugurated the Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and RuPay card services in Mauritius via video conferencing today.

Strengthening Financial Connectivity:
Prime Minister Jugnauth announced that the co-branded RuPay card will be designated as a domestic card in Mauritius, emphasizing the monumental importance of today’s launch in facilitating seamless transactions for citizens of both countries.

Historical and Economic Bonds:
President Wickremesinghe commended the inauguration and extended congratulations to Prime Minister Modi on the consecration of Shri Ram Mandir in Ayodhya. He stressed the enduring economic relations between Sri Lanka and India, expressing optimism for deeper connectivity and continued collaboration.

Modernizing Historic Connections:
Addressing the occasion, Prime Minister Modi highlighted the transformative potential of digital connectivity, marking a historic milestone for India, Sri Lanka, and Mauritius. He underscored the role of fintech connectivity in strengthening cross-border transactions and promoting economic growth.

Fintech Revolution:
The Prime Minister emphasized India’s strides in digital public infrastructure, citing the revolutionary impact of UPI in enabling seamless transactions even in remote villages. He noted the exponential growth of UPI transactions and highlighted the transparency and inclusivity fostered by technology.

Neighborhood First Policy:
Prime Minister Modi reaffirmed India’s commitment to its ‘Neighborhood First’ policy, emphasizing the importance of regional cooperation. He underscored the significance of strengthening financial connectivity, echoing the sentiments of the Vision Document adopted during previous discussions.

Global South Cooperation:
Today’s launch symbolizes the success of Global South cooperation, with Prime Minister Modi highlighting the historical relations and people-to-people ties between the three nations. He reiterated India’s steadfast support for its neighboring friends and emphasized the role of the Global South in shaping international agendas.

Gratitude and Cooperation:
Concluding his address, Prime Minister Modi expressed gratitude to President Wickremesinghe and Prime Minister Jugnauth for their pivotal roles in the launch. He also thanked the central banks and agencies of the three countries for their efforts in making the initiative successful.

Background and Significance:
The launch of UPI and RuPay services reflects India’s leadership in fintech innovation and digital infrastructure. With strong cultural and people-to-people linkages, the initiative aims to enhance digital connectivity and financial inclusion across borders, benefiting a wide cross-section of people.

Conclusion:
The inauguration of UPI and RuPay services marks a significant milestone in India’s commitment to fostering digital connectivity and promoting economic cooperation with its neighboring nations. As the world moves towards a digital future, initiatives like these exemplify the power of technology in driving inclusive growth and strengthening global partnerships.