India-ASEAN Summit Highlights Payment System Integration

• India and ASEAN nations plan to collaborate on digital public infrastructure (DPI) like Aadhaar and Unified Payments Interface (UPI) to address diverse challenges in education, healthcare, agriculture, and climate change.
• The two nations will explore cross-border linkages between payment systems in ASEAN and India through digital solutions.
• The ASEAN-India Comprehensive Strategic Partnership for Peace, Stability, and Prosperity will be strengthened.
• The summit is amidst tensions between the Philippines and China over maritime rights and the Myanmar crisis.
• The two nations will explore partnerships for fintech innovations and support digital solutions.
• The two nations plan to expand cyber security cooperation to support the digital economy.
• The two nations will support collaboration in developing necessary knowledge, skills, infrastructure, risk management frameworks, and policies to leverage AI technologies and applications.