Now, India plans currency, UPI deal with Indonesia

After the United Arab Emirates, India is looking to seal a deal for bilateral trade in domestic currency, real-time card recognition and digital payments, a move that will promote the use of UPI and similar tools. The issue came up for discussion during FM Nirmala Sitharaman’s meeting with her Indonesian counterpart Sri Mulyani Indrawati as the two countries announced the launch of ‘Economic and Financial Dialogue’, focused on intensifying trade and investment relationship.