India-Indonesia to link UPI with local payment system for cross-border retail transactions
PM Modi's Jakarta visit yielded an agreement to integrate UPI with Indonesia's payment infrastructure, enabling cross-border retail payments for travellers and businesses. The pact sits alongside BrahMos and Astra defence deals but the payment-rail linkage extends India's digital payments footprint into Southeast Asia.
India and Indonesia agreed to integrate UPI with Indonesia's payment system, enabling cross-border retail payments for travellers and businesses. The broader visit included BrahMos and Astra missile deals, but the UPI linkage carries payment-rail relevance for Indian retail.