We love our meat – and that love is helping to kill the Earth as well as our own health.
KUALA LUMPUR: Financial safeguards will be in place when India's Unified Payments Interface system is introduced in Malaysia, says P. Kumaran . India's External Affairs Ministry Secretary said the planned safeguards will be directly built into the system to ensure UPI is not potentially used and abused by unintended parties.
“The UPI’s introduction is mainly to help tourists who shop in the partner countries and make it easier for workers from both countries to send their remittances back to their home country. “As such, safeguards will be built into it to make sure that it is only meant to address people who actually need this. “So initially, the plan is to have some restrictions on the amounts that can be transferred,” he said in a press briefing on Indian Prime Minister Narendra Modi’s official two-day visit to Malaysia here on Sunday . He also explained that there was currently no timeline for the introduction of UPI to Malaysia due to various complicated technical steps that need to be completed first. “We will first have to bring multiple banks on board with UPI in both countries, followed by some kind of software alignment on both sides. “A number of point-of-sale machines will also need to be developed for UPI alongside establishing collaboration with merchants in both countries so that tourists and other visitors can take advantage of UPI,” he added. This comes after Modi announced that India’s UPI system would enter the Malaysian market as Malaysia and India seek to deepen their longstanding economic ties during a reception on Saturday . Regulated by the Reserve Bank of India , UPI is a real-time digital payments system that enables instant peer-to-peer and person-to-merchant transactions directly by linking user bank accounts to the UPI application on their phone. It does this by allowing payments to be made to other user-created Virtual Payment Address , phone number or QR code without the need to share any bank account details. It is developed and operated by the National Payments Corporation of India , the whole payment process is also secured through two-factor authentication. As of 2025, UPI stands as the largest retail fast-payment system globally, handling over 640 million transactions daily, accounting for nearly half of global real-time digital payment transactions while also outperforming other traditional platforms like Visa in volume.Child opens car door, causes accident involving six vehicles along Jalan Tun Razak
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