PM Modi Offers Linking UPI with Payment Systems of BIMSTEC Nations

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In a significant move aimed at enhancing regional economic integration, Prime Minister Narendra Modi has proposed linking India’s Unified Payments Interface (UPI) with the payment systems of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) nations. The offer was made during a recent BIMSTEC summit, where digital cooperation was highlighted as a key area of focus.

PM Modi emphasized the potential of digital public infrastructure like UPI to transform financial inclusion and boost cross-border trade. “India is ready to share its experience and technology to help build seamless and secure digital payment ecosystems across the BIMSTEC region,” he said.

The proposal is expected to foster greater financial connectivity among member states—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—enhancing ease of business, tourism, and remittances. Several countries have already expressed interest in integrating with UPI, which has seen tremendous success within India.

If implemented, the initiative could mark a new chapter in regional cooperation, positioning BIMSTEC as a digitally connected bloc with enhanced financial interoperability.

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