Prime Minister Narendra Modi on Monday participated in the official launch of Unified Payments Interface, commonly known as UPI, in two more countries.
The UPI services were introduced in Sri Lanka and Mauritius virtually in the presence of state heads, Mauritian Prime Minister Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe.
UPI will make payments easier for Indians when travelling to Sri Lanka and Mauritius, eliminating the hassle of forex most times.
UPI in Sri Lanka and Mauritius will work the same way as it does in India. You can point your phone's camera at a payment-centric QR code to make payments directly from your bank account or RuPay credit card.
The money will be debited from your account in INR but received by the merchant in its local currency.
Even the travellers from Sri Lanka and Mauritius to India will be able to make payments using UPI.
UPI was launched at the Eiffel Tower in Paris on February 2, making Sri Lanka and Mauritius the latest nations to support India's own payment system.
RuPay services, including cards, have additionally been launched in Mauritius alongside.