Singapore, UAE to accept RuPay payment mechanism: Nirmala Sitharaman

Oct 12, 2022

Washington DC USA (US), October 12 (ANI): Union Finance Minister Nirmala Sitharaman on Oct 11 said that Singapore and UAE have shown interest to accept the RuPay payment system acceptable in their countries. Sitharaman also said that India is holding consultations with different countries to make RuPay acceptable in their nations. "We are talking to different countries. Singapore and UAE have all come forward now to make Rupay acceptable in their countries," Sitharaman said at the Brookings Institute think-tank during a fireside conversation with eminent economist Eshwar Prasad. "Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries," she added.