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Maldives President Muizzu started UPI service and took necessary steps; Know benefit
UPI: Maldives President Mohammad Muizzu has taken "necessary steps" to introduce India's Unified Payment Interface (UPI) in his country, which is expected to greatly benefit the Maldives economy.
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“Maldives President Muizzu started UPI service and took necessary steps; Know benefit”
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en.sangritimes.com
21 Oct 2024
The Maldives' economy is expected to receive an immense benefit from the "necessary steps" that President Muhammad Muizzu has taken to implement India's Unified Payment Interface (UPI) in his country.
The National Payments Corporation of India (NPCI) created the instantaneous, real-time payment system known as UPI to make interbank transactions easier for mobile devices.
According to a press release from the President's Office, on Sunday Muizzu formed a consortium to launch UPI in the country. Tradenet Maldives Corporation Limited is its lead agency.
