PM Modi has announced to integrate India’s UPI and Indonesia’s payment system during his visit to Jakarta. This will strengthen trade, tourism and business between the two countries. Cross-border QR payment linkage will also be worked on.
New Delhi [भारत]July 7 (ANI): India’s Unified Payments Interface (UPI) will be linked with Indonesia’s payment system. Prime Minister Narendra Modi made this announcement during his visit to Jakarta on Tuesday. The move is expected to ease cross-border payments between the two countries and boost trade, tourism and business. Union Minister of Electronics and Information Technology Ashwini Vaishnav shared this announcement made by PM Modi.
Earlier today, PM Modi, while addressing a joint statement with Indonesian President Prabowo Subianto after bilateral talks, said, “India’s UPI is going to be integrated with the payment system of Indonesia. This will strengthen both ease of doing business and ease of travel.” President Prabowo Subianto also confirmed that the two countries will work on establishing cross-border QR payment linkage.
Emphasis on digital and economic cooperation
The two leaders reviewed cooperation in trade, investment, digital and financial technology, defence, energy, healthcare, space and critical minerals. They also welcomed the launch of the Indonesia Open Network (ION), which is based on India’s Open Network for Digital Commerce (ONDC). This reflects deeper collaboration in digital public infrastructure.
The UPI integration is expected to allow users in both countries to make digital payments more easily, reducing dependence on cash and simplifying transactions for travelers and businesses. It is also expected to support cross-border commerce by making payments faster and more convenient.
UPI’s scope is increasing across the world
The move builds on India’s growing efforts to expand UPI internationally. This payment platform is already operational in many countries including Singapore, UAE, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar, Cambodia and Greece. It enables Indian users to make merchant payments and transfer money directly using UPI-linked applications in some markets.
According to the Ministry of Electronics and Information Technology, India has signed MoUs or agreements with 23 countries for cooperation on Digital Public Infrastructure (DPI), while UPI is already live in more than eight countries including Singapore, UAE, Bhutan, Nepal, Sri Lanka, France, Mauritius and Qatar.
The ministry has said that the international adoption of UPI is strengthening India’s position in the global digital payments ecosystem. The integration with Indonesia is expected to deepen digital economic cooperation between the two countries, and also supports India’s broader effort to make UPI a globally accepted payments platform. The initiative is also likely to benefit businesses, tourists and the Indian diaspora, as it will make cross-border transactions smoother and more efficient. (ANI)
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