India seeks payment-system links in every FTA, Commerce Secy says: Report
Economic Times 1 hr ago·9 Sept 2026, 1:35 pm
India is actively pushing to include payment-system links in its new Free Trade Agreements (FTAs). This strategy aims to make cross-border transactions faster and cheaper by integrating India's digital public infrastructure, such as the Unified Payments Interface (UPI), with global financial networks. The move is designed to reduce the friction and high costs currently associated with international money transfers.
This development is significant for the broader market as it highlights India's growing role in global fintech. By exporting its digital financial services, the country could see increased demand for its technology and infrastructure. For investors, this signals a potential shift in how international trade is settled, favoring the digital economy over traditional banking rails.
Moving forward, investors should monitor which specific trading partners India is negotiating with. The success of these links will depend on the willingness of foreign nations to adopt UPI or similar systems. The focus will likely remain on remittances and trade settlements, which are the primary targets for cost reduction.
Excerpt from Economic Times
India aims to link its payment systems with trading partners in new agreements. This strategy seeks to make cross-border payments faster and significantly cheaper for users. The Unified Payments Interface is a key digital public infrastructure for this expansion. India's diaspora remittances are a major focus for cost…Read the original at Economic Times
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