Modi invites BRICS countries to adopt UPI payments..!?
prime minister Modi, who attended the ongoing BRICS conference in Russia, called for allowing India's UPI services in BRICS countries. Brazil, Russia, india, China, and south africa are a group of five countries known as BRICS. The conference of this confederation is held annually. Accordingly, the 16th summit of the BRICS organization for the year 2024 is being held in Russia. prime minister Narendra Modi attended and addressed the conference. Then prime minister Narendra Modi called upon BRICS countries to allow India's UPI payments in their countries. prime minister Narendra Modi has pointed out that the United Arab Emirates has already accepted India's UPI payment system and mauritius has allowed UPI payments.
 UPI services were launched in dubai on march 28. India's NBCI has partnered with Dubai-headquartered Masrik to launch UPI service in dubai as well. Therefore, prime minister Narendra Modi has said that indians who can go to dubai can use UPI to transfer money there as in India. Earlier, the President of Maldives, Mohammad Muisi, has also announced that India's UPI payment procedures will be accepted in his country. The rate of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital financial transactions in india has doubled in the last three years. That means wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital transactions have increased from 14 to 19 percent in march 2021 to 40 to 48 percent in march 2024. However, 60% of transactions are financial. However, a recent report by the Reserve bank says that the growth of this wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital technology is astounding. Similarly, UPI services are widely used in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital transactions. The UPI service was introduced in india in 2016 when the 500 and 1000 rupee notes were demonetized. Following this, the use of UPI services picked up pace during the Corona pandemic. In this way, more and more people in india are making money transfers through UPI. Currently, Bhutan, France, mauritius, Nepal, Singapore, Sri Lanka, and the United Arab Emirates accept India's UPI payments.