Now, Sri Lanka to accept UPI: How the homegrown payments system is expanding globally

News Snapshot:

After France, India is taking its homegrown digital payments system, Unified Payments Interface (UPI), to Sri Lanka. The two neighbours have signed an agreement on the acceptance of UPI in the island nation, Prime Minister Narendra Modi announced on Friday (21 July) in a joint briefing with Sri Lankan president Ranil Wickremesinghe. Wickremesinghe, who took over as Sri Lanka’s president last July, is on his first official visit to India. “The agreement signed to launch UPI in Sri Lanka will boost fintech connectivity,” the Indian prime minister said. The island nation’s president also thanked Modi for India’s support during Sri...