In a significant move aimed at enhancing bilateral ties and fostering economic collaboration, Sri Lanka’s Foreign Minister, Ali Sabry, has announced the imminent launch of India’s Unified Payments Interface (UPI) on February 12th.
Sri Lankan Foreign minister Ali Sabry has said that India’s UPI will be launched on 12th February. Speaking to our diplomatic correspondent Sidhant Sibal in Perth, he said, “UPI payment gateway will be signed. And I think both our leaders will connect online” which will help increasing tourism. The minister is in Perth for the Indian Ocean conference.
Unified Payments Interface, commonly referred as UPI, is an Indian instant payment system developed by the National Payments Corporation of India in 2016. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions.
The interface will be linked to LankaQR. As per media reports. The interface facilitates inter-bank, peer-to-peer, and person-to-merchant transactions.
He also pointed to establishment of Indian IIT in his country. He said,’Delegation from Sri Lanka went to IIT Madras and they are discussing this possibility of establishing IIT campus in Sri Lanka’. Full interview.