After France, India launches UPI services in Sri Lanka and Mauritius
ADVERTISEMENT
In a move to strengthen digital payment infrastructure and deepen economic ties, India has expanded its Unified Payments Interface (UPI) services to Sri Lanka and Mauritius on Monday, following the recent launch of UPI services in France. Adding to it, RuPay cards were also launched in Mauritius today.
Prime Minister Narendra Modi inaugurated the launch of UPI services in Sri Lanka and Mauritius along with Mauritian counterpart Pravind Jugnauth and Sri Lankan President Ranil Wickremesinghe via video conferencing.
This rollout of India’s UPI services in Sri Lanka and Mauritius signifies the deepening bilateral economic relationships between New Delhi and the two countries. The introduction of UPI services in these nations facilitates the accessibility of UPI settlement services for Indian citizens travelling to Sri Lanka and Mauritius, as well as for Mauritian nationals journeying to India. The extension of RuPay card services in Mauritius will enable Mauritian banks to issue cards based on RuPay mechanism in Mauritius and facilitate usage of RuPay Card for settlements in India and Mauritius.
July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.
Speaking on the event, PM Modi says that fintech connectivity will further strengthen cross-border transactions and connections. “India’s UPI or United Payments Interface comes in a new role today - Uniting Partners with India,” as per the statement issued by Prime Minister's Office (PMO).
“The Prime Minister underlined that digital public infrastructure has brought about a revolutionary change in India, where the smallest of vendors in the remotest of villages are transacting via UPI and making digital payments,” says his office.
Speaking about the convenience and speed of UPI transactions, the PM informed that more than 100 billion transactions took place via UPI last year worth ₹2 lakh crores or 8 trillion Sri Lankan rupees or 1 trillion Mauritius rupees. He also mentioned making last-mile delivery through the Jan Dhan, Aadhaar and Mobile (JAM) trinity of bank accounts, Aadhar and mobile phones where ₹34 lakh crores or 400 billion U.S. dollars has been transferred into the bank accounts of beneficiaries.
The Prime Minister stressed that “India’s policy is ‘Neighborhood First’. Our maritime vision is SAGAR i.e. Security and growth for all in the region. India does not see its development separately from its neighbors.”
PM Modi expresses the confidence that connection with UPI will benefit Sri Lanka and Mauritius and digital transformation will get a boost, local economies will witness positive change and tourism will be promoted. “I am confident that Indian tourists will give priority to destinations with UPI. People of Indian origin living in Sri Lanka and Mauritius and students studying there will also get special benefits from it”, the Prime Minister adds.
PM Modi expressed delight that after Nepal, Bhutan, Singapore and UAE in the Gulf in Asia, now from Mauritius RuPay card is being launched in Africa. This will also facilitate the people coming to India from Mauritius. The need to buy hard currency will also reduce, he says.
The UPI and RuPay card system will enable real-time, cost-effective and convenient payments in our own currency. In the coming time, we can move towards cross-border remittances i.e. Person to Person (P2P) payment facility, the Prime Minister adds.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.