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The Economic Times
The Economic Times

Maldives launches Favara-UPI payment service with India

Individuals in the Maldives can now transfer money in real time to UPI-enabled bank accounts in India following the successful integration of the country's instant payment system, Favara, with the Unified Payments Interface (UPI).

The cross-border payment service was launched on Thursday, the finance ministry said in a statement on Friday.

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