Other nations showing interest in India's payment ecosystem: FM Sitharaman

India leading the way in building an inclusive financial world, she says

India’s success in popularising digital payments through the Unified Payments Interface (UPI) and RuPay cards has led to other countries getting interested in the indigenously built payment stack, said Finance Minister Nirmala Sitharaman on Tuesday.

“Countries today such as Singapore, Bhutan, France’s Lyra, and also many others are seeing the use for RuPay cards and entire UPI. Indistack, particularly the payment stack, has been very well recognised and people are looking to share their thoughts with India. Many of our bilateral engagements with our counterparts today focus on this subject,” she said at the Global Fintech Fest 2022 in Mumbai.