Male: India’s Foreign Minister S Jaishankar is on a three-day visit to Maldives. Here he also talked about starting UPI service in Maldives. Foreign Minister S. Jaishankar has said that India and Maldives have signed an agreement to launch Unified Payment Interface (UPI) here. He said that this agreement will have a ‘very positive’ impact on the tourism sector of Maldives. The Memorandum of Understanding (MoU) was signed on Friday during Jaishankar’s three-day official visit to Maldives.
MOU’s were signed
“MoU signed between National Payments Corporation of India (NPCI) and Ministry of Economic Development and Trade of Maldives on introduction of (a) digital payment system in Maldives,” External Affairs Minister S Jaishankar said on social media platform ‘X’. UPI developed by NPCI is an instant real-time payment system to facilitate transactions between banks through mobile phones. Addressing a press conference after meeting his Maldivian counterpart Moosa Zameer, Jaishankar said India has ‘revolutionised digital transactions’ through its UPI.
Tourism is the main source of economic activity in Maldives
Jaishankar emphasized that financial inclusion in India has reached a new level. He said that today 40 percent of the world’s real-time digital payments take place in our country. Tourism is the main source of economic activity in Maldives. It contributes about 30 percent to the country’s gross domestic product (GDP) and generates more than 60 percent of foreign exchange. The purpose of Jaishankar’s visit is to bring bilateral relations with Maldives back on track. This is the first high-level visit from India after pro-China President Mohammad Muizzu of Maldives took office last year. (input language)
Read this also-
Despite the geo-political tension in the world, there is no increase in the price of gold, will gold become cheaper?
Who will Hindenburg explode the ‘bomb’ on now? Posted a warning on X, know what was written
Latest Business News
