Sri Lanka Accepts UPI: We don’t need to tell you how popular UPI payment is in India. The Government of India is now pushing to launch UPI service in other countries as well. So that Indian people can travel easily. Recently, PM Modi was on a 2-day visit to France, from where he talked about running UPI payments in France.
After France, UPI payment service is going to start in another country. In fact, Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe have signed an agreement in this regard. After Singapore, UAE, Nepal, Bhutan and France, Sri Lanka is now the latest country to adopt India’s Unified Payments Interface (UPI) payment service. That is, if you travel to Sri Lanka, you can now make payments there through UPI.
India’s mobile-based payment system, UPI allows consumers to make instant payments at any time of the day. For this Virtual Payment Address i.e. VPA is used. Apart from UPI, talks have also been held regarding petroleum line and land bridge connectivity between India and Sri Lanka. Let us tell you that in 2022, India helped Sri Lanka with 4 billion dollars including loans. The Indian government helped the neighboring country to buy food and fuel to fight the economic crisis.
UPI service will start from this location in France
UPI service is not yet launched across France. UPI payments will start at the Eiffel Tower and people will be able to buy tickets with Rupay cards here. During his visit to France, PM Modi announced that UPI payments will be accepted in European countries as well. Apart from this, Singapore has also adopted UPI payment. India’s UPI and Singapore’s PayNow have signed an agreement that will allow people to make real-time, cross-border secure payments.
Notably, UPI will soon be available in many more countries after France and Singapore. Ritesh Shukla, Chief Executive Officer of NPCI International Payments Limited (NIPL), a subsidiary of NPCI, informed that UPI is now going to enter many Gulf countries and North American countries. He said that after successfully entering the markets of France and Singapore, we will soon be able to enter many countries in North America and the Gulf countries, though he did not give information about the exact timing of its launch.
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