Current Affairs - Economy - Discussion

The UPI–UPU Integration was launched in Dubai during the 28th UPU Congress by Jyotiraditya Scindia. This integration connects India’s Unified Payments Interface (UPI) with the Universal Postal Union (UPU) platform, making global remittances faster, safer, and more affordable. By linking the systems, India aims to enhance financial inclusion, strengthen cross-border digital transactions, and reduce the cost of sending money internationally. Additionally, India pledged USD 10 million towards innovation, e-commerce, and digital payments. This initiative also aligns with the United Nations’ sustainable development goal of reducing global remittance costs to below 3% by 2030, thus empowering millions of migrant workers and their families.