New Delhi: Japan is actively exploring the adoption of Unified Payments Interface Network, a move by the two governments to promote digital cooperation and establish interoperability in digital payments to facilitate cross-border transactions and enhance the convenience of payment mechanisms. As part of the effort. Japan and India are trying to boost digital cooperation. Japan’s Digital Affairs Minister Kono Taro said, we are seriously thinking about joining India’s UPI payment system Wynn on Thursday.
Taro’s comments come after his March 23 interview Peppermint, where he said that Japan would send a team to India to study the UPI platform, and would eventually consider adding networks if Japan adopts UPI. Taro also talked about cooperation with India on the security of telecommunication systems. in their view Wynn, he added that the feature of the UPI payment system could be used for cross-border payments when it is also adopted by countries such as the United Arab Emirates or Singapore, which have also shown interest. “It is very convenient for payments. Well, we can increase the interoperability of payment systems between Japan and India or other countries like Singapore, Thailand or the United Arab Emirates, if they also join. This cross-border tele may emerge as a standard for payment systems.” He said Japan is looking to mutually recognize the Indian digital identity programme, which will lay the groundwork for interoperability.
“We’re looking at how we can mutually identify EIDs starting with collaboration so that we can increase interoperability,” he said.
He also said that at the G7 Digital Ministers’ meeting, which was attended by India’s Telecom and IT Minister Ashwini Vaishnav last week, the G7 has agreed to set up a new international framework that includes a permanent secretariat on cross-border data flows. Is. “We are expecting the Indian government to join this international framework,” he said.
Responding to the minister’s statement, Vaishnav said that the country’s Digital India vision has been appreciated by many global forums.
“Almost every global forum, be it G20, SCO or G7, where we are presenting PM Modi’s Digital India vision, there is very good traction. People understand how Modi ji has democratized digital technology. I thank the Japanese Digital Minister for accepting his deep and comprehensive vision of Digital India,” Vaishnav said.
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