Prime Minister Narendra Modi began his two-day visit to Malaysia by announcing that India’s Unified Payments Interface (UPI) will soon be made available in the country. This move aims to enhance digital payment connectivity between the two nations. Modi also outlined broader plans to strengthen bilateral relations, including cooperation in trade, technology, and cultural exchanges.
During his visit, Modi emphasized the importance of expanding India-Malaysia ties through various initiatives, including the establishment of Indian consulates and increased collaboration in multiple sectors. The visit marks a significant step in deepening diplomatic and economic engagement between the two countries.
**Why this matters**
The introduction of UPI in Malaysia represents a notable advancement in cross-border digital payment systems, facilitating easier and faster transactions for businesses and individuals. Strengthening India-Malaysia relations through such initiatives can boost trade, investment, and people-to-people connections, contributing to regional economic growth and cooperation.
Source: NewsData