Japan seriously thinking to accept UPI Payment System of India: Report
By MYBRANDBOOK
Japan is seriously thinking of joining the UPI payment system of India to facilitate cross-border transactions between people in both the countries.
Unified Payment Interface (UPI) payment service is already accepted by Bhutan, Nepal, Singapore and UAE.
"Almost every global forum, whether G20, SCO (Shanghai Cooperation Organisation) or G7, wherever we are presenting Hon'ble PM Modi's Digital India vision, has very good traction. People understand how Modi ji has democratised digital technology. I thank the Japanese digital minister. He has accepted PM Modi's very deep and extensive vision of Digital India," Union Minister for IT and Telecom Ashwini Vaishnaw said.
In an interview with a media channel, Japanese Digital Minister Kono Taro said that the country is considering joining India’s UPI system and working on mutually recognising digital identities as well.
"We just had our G7 Digital Ministers' meeting last month and we had our Indian Digital Minister Mr Vaishnaw join with us and right now. Japan and India are trying to promote digital cooperation. We are now seriously thinking about joining Indian UPI, the payments system and also, we are contemplating how we can mutually recognise e-ID, for well – starting with cooperation, so we can increase interoperability," Taro said
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