What are the key features of the UPI payment service introduced by India in Maldives
India to introduce UPI payment service in Maldives, aiming to boost digital transactions and financial inclusion in the country.
- UPI payment service allows users to transfer funds instantly between bank accounts using a mobile phone.
- Users can make payments without needing to know the recipient's bank account details, only requiring their UPI ID.
- It is a secure and convenient way to make transactions, eliminating the need for physical cash.
- The service promotes financial inclusion by providing access to digital payments for a wider population.
- Users can pay bills, merchants, or transfer money to family and friends easily through the UPI platform.
- The introduction of UPI in Maldives will help boost digital transactions and drive economic growth in the country.
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9 months ago