India to introduce UPI payment service in Maldives

India and Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a “very positive” impact on its tourism sector, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar’s three-day official visit to the Maldives.

“Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives,” he said in a post on X.