Maldives President Mohamed Muizzu To Introduce UPI In Maldives
NDTV
This move came following India agreeing to share its expertise in the implementation of digital and financial services and to work in the development of the Digital Public Infrastructure (DPI) through the launch of India's Unified Payments Interface.
The President of Maldives, Mohamed Muizzu, decided to take the necessary steps to introduce the Unified Payment Interface (UPI) in the island nation, following the recommendation of the Cabinet on Sunday.
This move came following India agreeing to share its expertise in the implementation of digital and financial services and to work in the development of the Digital Public Infrastructure (DPI) through the launch of India's Unified Payments Interface (UPI), Unique Digital Identity, during Mohamed Muizzu's State Visit earlier this month.
The decision by the Maldivian President is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, as per a statement released by his office.
