Minister of State for Finance Pankaj Chaudhary on Tuesday said the government and RBI have been taking various initiatives for expanding the global reach of UPI, which is currently available in seven nations.

Amid turbulent bilateral ties, the Maldives will soon launch India’s RuPay service, which Economic Development Minister Mohamed Saeed said will "bolster the Maldivian Rufiyaa." Saeed also announced that both India and China have agreed to use local currencies in bilateral trade.