Maldives President introduces India's UPI for enhanced financial inclusion and efficiency.

Maldives President Mohamed Muizzu has announced the introduction of India's Unified Payment Interface (UPI) to enhance the nation's economy by improving financial inclusion, transaction efficiency, and digital infrastructure. Following a Cabinet recommendation, a consortium of banks, telecoms, and fintech companies will facilitate UPI's implementation, led by TradeNet Maldives Corporation Limited. This initiative follows a recent agreement with India to share expertise in digital services.

October 20, 2024
24 Articles