TBM Staff - Mumbai In a bid to bolster tourism ties and foster economic collaboration, Prime Minister Narendra Modi and UAE President Sheikh Mohammed Bin Zayed Al Nahyan unveiled the UPI RuPay card service in Abu Dhabi. This significant move is expected to pave the way for seamless cross-border transactions, enhancing the travel experience for visitors between the two nations.
The introduction of the UPI RuPay card follows the Memorandum of Understanding (MoU) on interlinking payment and messaging systems signed in July last year during Prime Minister Modi’s visit to Abu Dhabi. This technological advancement aims to streamline financial transactions for tourists and business travelers alike.
India’s UPI system has not only made its mark domestically but has also expanded its reach to Sri Lanka and Mauritius on February 12, showcasing India’s commitment to extending technological and financial solutions globally.
During the meeting, Prime Minister Modi expressed gratitude for the warm welcome and highlighted the exceptional frequency of their recent interactions, emphasizing the close relationship between the two countries. The signing of a bilateral investment treaty adds another layer to this friendship, potentially making headlines in the G20 countries.
In addition to financial advancements, the leaders are set to focus on boosting cooperation in the tourism sector. Talks will encompass areas such as energy, ports, fintech, digital infrastructure, railways, and investment flows, with the expectation of signing several agreements to fortify collaboration in these key areas.
As both nations strive to strengthen their economic ties, the emphasis on tourism underscores the shared commitment to creating an environment conducive to travel, trade, and cultural exchange. This development marks a significant step towards fostering a robust and mutually beneficial tourism partnership between India and the UAE.
