India in talks with totally different nations to make Rupay acceptable of their nation: Nirmala Sitharaman

India is speaking to totally different nations to make Rupay acceptable of their nations, Union Finance Minister Nirmala Sitharaman mentioned on Tuesday.

“Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries,” she mentioned.

“We are working together with several countries,” Sitharaman mentioned in response to a query from an Indian scholar on the University of Maryland, who wished to have the UPI within the United States as nicely.

Sitharaman made the remarks on the prestigious Brookings Institute think-tank throughout a hearth chat with eminent economist Eshwar Prasad.

“I’m a student at the University of Maryland here. I am really proud of our UPI system in India. I just wanted to ask, what do you think are the future plans for the UPI system and how can we share it with the world? Specifically in the US, that’s what I miss the most about India not having a UPI system in the US,” the Indian scholar requested.

“We are talking to different countries. Singapore and UAE have all come forward now to make Rupay acceptable in their countries,” Sitharaman mentioned.