PM Modi offers linking UPI with payment systems of BIMSTEC nations

Seeking to impart fresh impetus to the Bimstec grouping, Prime Minister Narendra Modi on Friday proposed linking India’s UPI with the payment systems of the member nations, a move that could boost trade, business and tourism within the region.

Addressing the sixth Bimstec Summit here, the Prime Minister also proposed to set up a Bimstec Chamber of Commerce, organise annual business summits and explore promoting trade in local currencies within the region.