Current Affairs - International - Discussion

India and Bahrain jointly launched a real-time cross-border payment system linking India’s Unified Payments Interface (UPI) with Bahrain’s Electronic Funds Transfer System (EFTS) through Fawri+. This initiative, facilitated by the NPCI International and BENEFIT, and guided by the RBI and Central Bank of Bahrain (CBB), marks a significant milestone in fintech cooperation between the two nations. The integration enables instant, secure, and low-cost remittances, advancing digital financial inclusion. Building upon the 2019 MoU and the 2024 Joint Commission pledge, the partnership deepens economic engagement and strengthens people-to-people and financial connectivity between India and Bahrain.