India’s digital payment revolution has now crossed its borders and reached important countries of the Middle East. During the state visit of Prime Minister Narendra Modi to Israel, a very historic agreement has been signed, under which now India’s own Unified Payments Interface (UPI) will work fully in Israel also. This is a huge step in the field of digital transactions.
The path of common citizens will become easier
The most direct and positive impact of this new arrangement will be on those common people who frequently travel to Israel for business, education or tourism. Now Indian citizens and businessmen will not have to depend on heavy foreign exchange or expensive card charges for everyday transactions there. You will be able to make secure payments from your mobile phone in the blink of an eye.
This high-level meeting between Prime Minister Narendra Modi and Israeli PM Benjamin Netanyahu has taken the mutual relations between the two countries to a new level of ‘Special Strategic Partnership’. PM Modi clearly said in the joint press conference that this is not just an economic agreement, but an important joint initiative to adopt modern technology of the future, which will show a new direction to the world.
New dimensions in defence, agriculture and space sectors
On this important visit, the conversation between the two top leaders was not limited only to digital payments. Both the countries have also agreed on joint manufacturing and development of advanced weapons, which is very important for India’s strong defense needs. Apart from this, special attention has also been given to finding technological solutions for civil nuclear energy, space exploration and smart farming of the future.
While further enhancing mutual cooperation on the global stage, the leaders of both the countries have made a strong resolve to rapidly advance important regional development initiatives like IMEC and I2U2. Taking a tough stand on the serious issue of terrorism, Prime Minister Modi made it very clear that there is no place left for terrorism or those who give shelter to it in the civilized world.
Netanyahu praised India
On this occasion, Israeli Prime Minister Netanyahu openly praised the excellent efficiency of the Indian government from the stage. Describing the policies of the Indian administration as ‘amazingly efficient’, he said that this wonderful meeting of ideas and hearts between the two countries is truly wonderful. This high level cooperation at the government level will bring immense possibilities in the future for the citizens of both the countries.