Singapore, UAE keen to accept RuPay payment system

New Delhi, Oct 12 (KNN) Union Finance Minister said that India is currently in talks with Singapore and UAE as they have shown interest to accept the RuPay payment system in their countries.

She said this at the Brookings Institute think-tank during a fireside conversation with eminent economist Eshwar Prasad as quoted by ANI. 

The Finance Minister is currently on a visit to the United States for the annual meetings of the International Monetary Fund (IMF) and the World Bank.

To make RuPay acceptable in other nations India is holding discussions with different countries, she said.

"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 said.

Addressing the ongoing conflict in Ukraine, she urge the developed nations to take responsibility for the global spillover caused by policy decisions taken by them.  (KNN Bureau)