India, Oman to Sign Pact on Digital Finance & Payments
In a significant step to expand strategic ties with Oman, New Delhi and Muscat will soon sign of an agreement between National Payments Corporation of India (NPCI) and Central Bank of Oman (CBO) for cooperation in digital finance and payments.
The landmark agreement will facilitate the use of RuPay cards and the UPI platform in Oman and collaboration for seamless digital remittances, benefitting Indian workers and professionals.
This will be signed during Minister of State for External Affairs V Muraleedharan Muscat visit on Monday-Tuesday. This will be his second visit to Oman and the first high level visit from India to Oman in the post-pandemic phase. He last visited Oman in December 2020 in the middle of the Covid-19 pandemic.
His visit is aimed at comprehensively reviewing the state of bilateral relations and work on new proposals to take the relationship to a higher level, sources said.
After a brief lull due to pandemic induced disruptions, high level visits and exchanges have resumed with Oman. Omani Secretary General for Defense, Foreign Minister and Commerce Minister visited India in February, March and May 2023 respectively.
Comments 0