PM Modi Pushes for UPI Expansion to Cyprus After UK, France Successes

Prime Minister Narendra Modi announced that discussions are underway to integrate Cyprus into India's Unified Payments Interface (UPI) ecosystem.

Speaking at the India-Cyprus CEO Forum on Sunday, 15 June PM Modi highlighted India's digital transformation, particularly in financial inclusion, calling it "exemplary," reported Financial Express.

"Many countries, like France, are associated with it. Talks are going on to include Cyprus in this, and I welcome it," PM Modi stated. He noted that India now accounts for 50% of global digital transactions, largely thanks to UPI.

PM Modi also emphasised India's rapid economic growth, predicting the country will soon become the world's third-largest economy. "In the last one decade, India has become the fifth-largest economy of the world and in the very near future, we are moving very fast towards becoming the third-largest economy," he said.

He further detailed India's commitment to future-ready infrastructure, with over $100 billion invested annually, and highlighted the new Manufacturing Mission focusing on key sectors like semiconductors. PM Modi also pointed to growth in India's maritime, port development, shipbuilding, and civil aviation sectors, adding that "Our more than 1 lakh startups sell solutions, not just dreams," underscoring India's innovation-driven future.