What did PM Modi say about UPI?
PM Modi announced that India’s Unified Payments Interface (UPI) is set to launch in Malaysia as part of his visit, highlighting the strong ties between the two nations.
During his visit to Malaysia, Prime Minister Narendra Modi made a significant announcement regarding the introduction of India’s Unified Payments Interface (UPI) in Malaysia. He emphasized that this development is a step towards strengthening the relationship between the two nations, which share not only geographical proximity via the Indian Ocean but also a deep cultural and historical connection. Modi described the launch of UPI in Malaysia as a facilitative effort to make transactions easier for both Indian and Malaysian citizens traveling between the two countries.
Modi remarked that the shared oceanic bond serves as a metaphor for the collaboration that both nations can achieve through technological advancements such as UPI. The introduction of this payment system is expected to enhance the accessibility of services and simplicity of transactions during travel. Moreover, Modi expressed his hope that such initiatives would further bridge the gap between the people of India and Malaysia, allowing for enrichment of their shared experiences and cooperation.
This initiative could have broader implications for regional economic integration, fostering not just bilateral ties but also enhancing trade and tourism opportunities. By adopting UPI, Malaysia can potentially facilitate smoother transactions for the increasing number of tourists from India, which would benefit both nations' economies and strengthen their partnership in various sectors.