Maldives President Dr Mohamed Muizzu has announced plans to introduce India’s Unified Payment Interface (UPI) to the Maldives, which will improve the ease of financial transactions not only for the locals but also the tourism industry. In his words: “On the advice of the cabinet, we aim to benefit from the significant benefits that will come with financial inclusion and enhancing the country’s digital payment system.” This move follows the signing of an agreement during Indian External Affairs Minister S. Jaishankar’s visit in August.The island nation is continuously seeming to tilt towards India after the period of strained relations, which…
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