Maldives to Implement India's UPI System

• President Mohamed Muizzu has decided to introduce the Unified Payment Interface (UPI) in Maldives.
• The decision follows India's agreement to share expertise in digital and financial services.
• A consortium including banks, telecom, and fintech companies will lead the implementation.
• TradeNet Maldives Corporation Limited appointed as the leading agency.
• Expected benefits include increased financial inclusion and improved transaction efficiency.

Source: The Economic Times, Mint