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India-Indonesia UPI integration announced to simplify digital payments abroad
India and Indonesia announced UPI integration to enable seamless cross-border digital payments between the two countries, reducing friction for travel and trade. PM Modi announced the initiative in Jakarta, signalling a regulatory and infrastructure shift in APAC fintech interoperability.
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The Wire takeaway
UPI's expansion into Indonesia creates a new playbook for APAC fintech interoperability and opens B2B/B2C payment opportunities for founders building cross-border commerce, travel, and remittance solutions.
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Topics: Fintech · upi-expansion · cross-border-payments · india-indonesia · digital-infrastructure · fintech-interop