Launch of UPI in Sri Lanka and Mauritius

UPI launch

New Delhi: India’s mobile-based payment system UPI (Unified Payment Interface) will be launched in Sri Lanka and Mauritius from today. Prime Minister Narendra Modi along with Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth will participate in the UPI launch in both countries via video conference. Modi will also launch RuPay card service in Mauritius.

The UPI service was created in India by the Payments Corporation of India under the control of the Reserve Bank. It is a system of real time money transfer from one bank account to another account through mobile phone. UPI is very popular in India.

UPI was introduced in India in 2016. Recently, the UPI system was implemented at Eiffel Tower, a famous tourist destination in France. France has decided to extend UPI to more establishments in the tourism and retail sectors.