Also Read: How to set up multiple UPI IDs in Google Pay
According to reports, this was stated by both countries during the India-Russia Intergovernmental Commission for Trade, Economic, Scientific & Cultural Cooperation (IRIGC-TEC) meeting.
Payment linkage of UPI and the Faster Payments System (FPS) of the Bank of Russia was also agreed here.
Minister of External Affairs of India S Jaishankar and Deputy Prime Minister of Russia Russia Denis Manturov, were present in the high-level meeting.
Also Read:How to create private UPI ID on Paytm?
In addition, the two countries also agreed to look at adopting Services Bureau of Financial Messaging System of the Bank of Russia, a financial messaging system.
Earlier this year, India’s Unified Payments Interface (UPI) and Singapore’s PayNow was integrated to boost cross-border transactions.
Also Read: How to split bills in Google Pay?