Mauritius, India, and Sri Lanka Unveil Revolutionary RuPay and UPI Linkage

Today marks a historic moment as the Honourable Prime Ministers of Mauritius, India, and Sri Lanka came together to inaugurate the RuPay and Unified Payments Interface (UPI) linkage between Mauritius and India. This virtual launch witnessed the convergence of key leaders, including the Honourable Prime Minister of Mauritius, Mr. Pravind Kumar Jugnauth, alongside the Honourable Prime Minister of India, Shri Narendra Modi, and the Honourable President of Sri Lanka, Mr. Ranil Wickremesinghe. The esteemed presence of dignitaries also included Mr. Harvesh Seegolam, Governor of the Bank of Mauritius, Shri Shaktikanda Das, Governor of the Reserve Bank of India (RBI), and Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.

The RuPay and UPI linkage introduces a transformative dimension to financial transactions between Mauritius and India. Indian travelers to Mauritius can now seamlessly conduct transactions using UPI, while Mauritian travelers in India can leverage the Instant Payment System of Mauritius. What’s more, the adoption of RuPay technology enables banks in Mauritius to issue RuPay cards domestically, marking Mauritius as the first country outside Asia to implement RuPay technology. Indian RuPay cards will also be universally accepted at ATMs and POS terminals across Mauritius.

Mr. Harvesh Kumar Seegolam, Governor of the Bank of Mauritius, articulated the significance of this collaboration, stating, “the launch of the RuPay and UPI linkage between Mauritius and India marks a significant milestone in our efforts to enhance financial connectivity and promote digital transactions. This collaboration will not only facilitate seamless and secure cost-effective payments for our customers but also strengthen the economic ties between our two nations.”

The RuPay and UPI linkage is poised to catalyze trade and tourism between Mauritius and India, significantly contributing to Mauritius’ stature as an international financial hub. The partnership between the Bank of Mauritius and the Reserve Bank of India underscores a commitment to continual enhancement and expansion of the service to meet evolving customer needs.

For further information and updates, visit the Bank’s website at www.bom.mu, as we embark on this transformative journey towards enhanced financial connectivity and digital empowerment.