Digital payments

PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.

During his address, PM Modi made an appeal to the YouTube community to join forces and empower mass movement with three key priorities - Swachh Bharat, promotion of Digital payments, and vocal for local.

The GPFI document, prepared in anticipation of the G20 Summit hosted by India, noted the significant steps taken by the Narendra Modi-led government and the pivotal role of government policies and regulations in shaping the DPI landscape.

Second, on the list is Brazil which accounted for 29.2 billion transactions followed by China with 17.6 billion transactions. On number 4 is Thailand with 16.5 billion digital transactions followed by South Korea with 8 billion transactions.

A report by Boston Consulting Group and PhonePe says that India's digital payment market will rise over 3 times in 3 years to reach $10 trillion in 2026

During the meeting, Sitharaman also stated that India would take forth the momentum created by Argentina during its Presidency on infrastructure priorities, including spending on cities of tomorrow.