Sri Lanka & State Bank of India

Sri Lanka: As an ACU member, Sri Lanka may benefit from easier rupee settlement, especially given its foreign-exchange challenges.

State Bank of India: The RBI's 2023 foreign-exchange regulations provided the framework for the amended FTP, and the RBI continues to issue directions for invoicing and settlement. This reinforces its role in currency internationalization.

Sri Lanka: Sri Lanka is one of the 11 countries where UPI is operational, part of UPI's international footprint.

State Bank of India: RBI provides regulatory oversight of UPI, ensuring its stability and integrity. Its role supports the platform's credibility and aligns with its broader financial inclusion objectives.

Sri Lanka: Sri Lanka is one of the countries where UPI is operational, benefiting from cross-border payment capabilities and financial inclusion.

State Bank of India: As a co-founder of NPCI, the RBI benefits from the success of UPI, which aligns with its goals of promoting digital payments and financial inclusion. The record growth reflects positively on the central bank's initiatives.

Sri Lanka: Sri Lanka is part of UPI's international network, enabling cross-border payments.

State Bank of India: As the regulatory overseer of UPI, the RBI's oversight has been crucial to the system's stability and growth, reinforcing its role in India's financial infrastructure.

Sri Lanka: Sri Lanka is part of UPI's international network, facilitating cross-border transactions.

State Bank of India: RBI collaborated on security measures to curb fraud, supporting the integrity of digital payments.