Maldives set to roll out UPI service to boost economy

Quick Summary:

He "decided to take the necessary steps" on the recommendation of the Cabinet, the press release said.

The president also suggested the participation of the country's banks, telecom companies, state-owned companies, and fintech companies in the consortium.

Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating inter-bank transactions through mobile phones.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaMaldives

Topics: President Maldives Privacy Foreign Maldivian Nation Muizzu Country Policy Introduce India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 06:47:40 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 19 lines

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Copyright Owner: © YourStory

News ID: 23148366

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