PM Modi calls for deeper UPI links with overseas payment systems
BusinessLine 1 hr ago·8 Sept 2026, 3:18 pm
Prime Minister Narendra Modi has emphasized the need for deeper integration between India's Unified Payments Interface (UPI) and overseas financial systems. This initiative aims to facilitate smoother cross-border transactions, allowing Indian users to make payments directly to foreign merchants using their existing UPI apps.
For investors, this move is significant as it positions India as a leader in digital payments. By reducing friction in international transactions, it could boost the country's fintech sector and improve the ease of doing business for Indian businesses operating globally.
Investors should watch for updates on specific regulatory approvals and the launch of pilot programs. The success of these cross-border UPI links will depend on how quickly international partners adopt the system and the volume of transactions processed.
Excerpt from BusinessLine
Prime Minister Narendra Modi on Tuesday called for the next phase of India’s UPI expansion to go beyond making the payment system available overseas and focus on linking UPI with domestic payment systems in other countries, saying such interoperability could make cross-border transactions as seamless as domestic…Read the original at BusinessLine
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