India Signs MoU with Trinidad and Tobago on sharing INDIA STACK

India Signs MoU with Trinidad and Tobago on sharing INDIA STACK

• India and Trinidad and Tobago have signed a Memorandum of Understanding (MoU) on sharing of INDIA STACK — a collection of open APIs and digital public goods that aim to facilitate identity, data, and payment services on a large scale.

• Both sides agreed to cooperate in the areas of digital transformation by means of capacity building, training programmes, exchange of best practices, exchange of public officials and experts, development of pilot or demo solutions, etc.

• Since June 2023, India has already signed MoUs with countries namely Armenia, Sierra Leone, Suriname, and Antigua & Barbuda to share India Stack while many countries like Mauritius, Saudi Arabia have shown interest and are at an advanced stage of finalizing cooperation on IndiaStack. A similar MoU was signed with Papua New Guinea also last month, showcasing the growing interest and acceptance of the initiative on a global scale. The UPI which is also a part of India Stack, has been accepted in France, UAE, Singapore and Sri Lanka.

Also Read: Weekly Current Affairs (Persons) 15-21 July 2023 Bitbank: Who has been appointed as the 25th Director General of the Indian Coast Guard?

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Published date : 19 Aug 2023 10:56AM