World

Union Minister Jyotiraditya M Scindia Unveils UPI–UPU Integration Project At Universal Postal Congress In Dubai

Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M Scindia, today unveiled the UPI–UPU Integration project at the 28th Universal Postal Congress held in Dubai.

The initiative represents a landmark step aimed at transforming cross-border remittances and expanding financial inclusion globally.

Developed through a collaboration between India’s Department of Posts, NPCI International Payments Limited, and the Universal Postal Union (UPU), the project integrates India’s widely used Unified Payments Interface (UPI) with the UPU’s Interconnection Platform.

This fusion combines the extensive reach of the global postal network with the speed, security, and affordability of UPI’s real-time payments.

A Social Compact Beyond Technology

Describing the launch as ‘more than a technology launch, but a social compact’, Minister Scindia emphasised the project’s role in enabling instant, secure, and cost-effective money transfers across borders.

He highlighted how the integration strengthens the postal sector’s position as a trusted community service provider while broadening financial access worldwide.

In addition, Scindia announced India’s commitment of USD 10 million during the current UPU cycle to support innovation, e-commerce, digital payments, training, and capacity building.

He also reaffirmed India’s candidature for the UPU’s Council of Administration and Postal Operations Council, underscoring the country’s dedication to fostering a connected, inclusive, and sustainable global postal system.

Highlighting India’s inclusive approach, the minister cited the Aadhaar identity system, Jan Dhan financial inclusion scheme, and India Post Payments Bank as key enablers, with over 560 million bank accounts opened—predominantly in women’s names.

India Post, meanwhile, delivered over 900 million letters and parcels last year, demonstrating the vast scale and social commitment India brings to the global stage.

Transforming Cross-Border Payments

Scindia described the UPI–UPU integration as a transformative shift in cross-border remittances.

In 2024–25, UPI processed over 185 billion transactions worth USD 2.83 trillion, accounting for nearly half of global digital payments.

Previously hindered by high fees and delays, millions of Indians now enjoy faster, cheaper remittances, with UPI accepted in diverse markets, including the Gulf region and iconic locations such as the Eiffel Tower in Paris.

The new integration will make cross-border money transfers as simple as sending a text, enhancing convenience for the Indian diaspora and providing postal administrations with fresh revenue streams while reinforcing their community roles.

This initiative aligns with India’s support for the United Nations Sustainable Development Goal of reducing global remittance costs to below 3% by 2030.

Scindia emphasised India’s commitment to resilient, interoperable solutions that avoid costly fragmentation and build trust by linking payments, identity, addressing, and logistics to enable seamless global commerce.

Masahiko Metoki, Director General of the Universal Postal Union, lauded India’s leadership in financial services and its vital role as Co-Chair of the Postal Operations Council.

He praised New Delhi’s strong, consistent support for UPU initiatives and highlighted India’s active role in enhancing international postal and financial networks.

Also Read: Three Teens Critically Injured In US High School Shooting Near Denver

Anamika Agarwala

Recent Posts

Prince William And Princess Catherine To Visit Mumbai For Earthshot Prize Summit And Awards

Prince William and Catherine, the Princess of Wales, will visit Mumbai from November 16 to…

1 hour ago

Lieutenant Governor Dr Dinesh Sharma Highlights Tribal Welfare Initiatives On Janjatiya Gaurav Diwas

Andaman and Nicobar Lieutenant Governor Dr Dinesh Sharma highlighted tribal welfare initiatives, distributed Ayushman Bharat…

1 hour ago

Lieutenant Governor Dr Dinesh Sharma Announces Free Helicopter Services For Tribal Patients And Attendants, Emphasises Skill Development

Andaman and Nicobar Lieutenant Governor Dr Dinesh Sharma announced free helicopter services for tribal patients…

2 hours ago

Amit Shah Accuses Rahul Gandhi Of Tarnishing India’s Image At International Summit

Union Home Minister Amit Shah criticised Rahul Gandhi over his remarks at the Bharat Summit…

2 hours ago

India U19 Captain Lakshya Raichandani Calls Asia Cup Triumph A ‘Very Good Experience’

India U19 captain Lakshya Raichandani described the team's Asia Cup victory over Pakistan as a…

4 hours ago

Delhi Metro To Begin Services At 4:30 AM On November 16 For Chhath Puja

Delhi Metro will start services at 4:30 AM on November 16 for Usha Arghya during…

5 hours ago