At the same time, their higher inflation has not fed into higher euro area prices, because their goods were much cheaper to begin with and because of an increasing share of imports from these countries. The euro area also benefits from trade with emerging economies in terms of product specialisation.
Through this initiative, the G20 delegates had a first-hand experience of making merchant payments seamlessly through the UPI, during their stay in India. 7. The mission "Har Payment Digital" is aimed at reinforcing the ease and convenience of digital payments and facilitate onboarding of new consumers into the digital fold.