AGP Executive Report
Last update: 8 hours agoDigital Payments Expansion: UPI set fresh records in India, with July hitting 23.66 billion transactions worth Rs 29.88 lakh crore (+19% year-on-year), and the system now operates in about 10 countries including Mauritius. Cross-Border Corridor: The Maldives launched a real-time Favara–UPI payment corridor with India, enabling person-to-person transfers in near real time via local banks. Port & Maritime Security: IRClass Academy delivered a three-day Port Facility Security Officer (PFSO) training in Mauritius for port and maritime professionals, supporting stronger port security preparedness. Retail & Consumer Growth: Krispy Kreme signed a deal to open in Mauritius, with the first shop expected later this year and around 10 locations planned over five years. Shipping/Banking Tech for Mauritius: Investec selected Infosys Finacle on Microsoft Azure to modernise banking operations across South Africa, the UK, Mauritius, and Channel Islands. Aviation Infrastructure Watch: Ethiopia postponed contractor selection for Bishoftu International Airport to early 2027, citing financing and bid-prep needs.
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