Many countries drawn to India's UPI: PM Modi in Mann Ki Baat

Needless to say UPI has made a major contribution in ushering in the digital payment revolution in India.

Highlighting country's digital strides, Prime Minister Narendra Modi on Sunday said that many nations are interested in India's Unified Payments Interface (UPI).

Addressing the nation through his 'Mann Ki Baat' radio programme, PM Modi remarked that the UPI (Unified Payments Interface) system and e-Sanjeevani App are shining examples of the power of Digital India.

"E-Sanjeevani is becoming a life-saving app for the common man of the country, for the middle class, for the people living in hilly areas. This is the power of India's digital revolution. And today we are seeing its effect in every field. You also know the power of India's UPI," PM Modi said.

"Many countries of the world are drawn towards it. Just a few days ago, UPI-Pay Now Link has been launched between India and Singapore. Now, people of Singapore and India are transferring money from their mobile phones in the same way as they do within their respective countries. I am glad that people have started taking advantage of it. Be it India's E-SanjeevaniApp or UPI, these have proved to be very helpful in raising the Ease of Living, the prime minister said.

Earlier, sharing India's UPI sucess story, PM Modi had tweeted "I like how you've brought out the rising popularity of UPI. I laud my fellow Indians for embracing digital payments! They've shown remarkable adaptability to tech and innovation."

Needless to say UPI has made a major contribution in ushering in the digital payment revolution in India.

In a landmark initiative, the Modi government recently linked the Unified Payments Interface (UPI) of India and PayNow of Singapore, enabling residents of both countries to transfer cross-border remittances faster and more cost-efficient.

This integration will also help the Indian diaspora in Singapore, especially migrant workers and students through instantaneous and low-cost transfer of money from Singapore to India and vice-versa.