INSUBCONTINENT EXCLUSIVE:
GANDHINAGAR: After the United Arab Emirates, India is looking to seal a deal for bilateral trade in domestic currency, real-time card
recognition and digital payments, a move that will promote the use of UPI and similar tools.The issue came up for discussion during FM
in digital technology, payment systems under central banks and using more local currency, the Indonesian FM said.An Indian official later
said that currency arrangement will be similar to the one with the UAE, and could see Indian exporters settle their trade in Indonesian
rupiah, while those exporting, say, palm oil can earn in Indian rupees
development, among others
For instance, India has developed expertise in digital public infrastructure
It can provide time-tested solutions for convenient and affordable digital payments, which can assist Indonesia in achieving its financial
