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Japan May Soon Accept India’s UPI Payment System: Report

by The Novum Times
19 May 2023
in India
Reading Time: 2 mins read
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New Delhi:

Japan is mulling to affix India’s UPI fee system and promote cooperation on the digital id system, an official assertion stated on Friday.

Bhutan, Nepal, Singapore and UAE have already began accepting Unified Fee Interface (UPI) fee techniques.

“Virtually each world discussion board, whether or not G20, SCO (Shanghai Cooperation Organisation) or G7, wherever we’re presenting Hon’ble PM Modi’s Digital India imaginative and prescient, has excellent traction. Individuals perceive how Modi ji has democratised digital know-how. I thank the Japanese digital minister. He has accepted PM Modi’s very deep and in depth imaginative and prescient of Digital India,” Union Minister for IT and Telecom Ashwini Vaishnaw stated.

Japanese Digital Minister Kono Taro earlier on Friday stated in an interview with a media channel that Japan is mulling becoming a member of India’s UPI system and dealing on mutually recognising digital identities as effectively.

“We simply had our G7 Digital Ministers’ assembly final month and we had our Indian Digital Minister Mr Vaishnaw be part of with us and proper now. Japan and India try to advertise digital cooperation. We at the moment are severely occupied with becoming a member of Indian UPI, the funds system and likewise, we’re considering how we will mutually recognise e-ID, for effectively – beginning with cooperation, so we will enhance interoperability,” Taro stated.

(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)



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