https://m2pfintech.com/_next/static/chunks/pages/newsletter/fintalk-24-d628213f190f6a9c.js

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How will it impact the fintech industry in India and MENA? Let's find out!"}),(0,i.jsx)("p",{children:"First, some context..."}),(0,i.jsx)("p",{children:"The CEPA is the first comprehensive and complete Free Trade Agreement in the MENA region. It is a bilateral covenant that minimizes tariffs and eliminates the red tape associated with trade & services. Under this agreement, Indian service providers will have access to over 110 sub-service sectors in the UAE market, including business services, financial services, travel-related services, and more."}),(0,i.jsx)("h5",{className:"heading_newsletter",children:"Advantages of CEPA"}),(0,i.jsxs)("ul",{className:"lender_payoff",children:[(0,i.jsx)("li",{className:"disc",children:(0,i.jsxs)("p",{children:[(0,i.jsx)("b",{children:"Access:"})," This agreement will expand India's trade share in the Gulf region. Leveraging UAE's formidable transport and logistics infrastru

1cture, Indian service providers can tap into MENA markets."]})}),(0,i.jsx)("li",{className:"disc",children:(0,i.jsxs)("p",{children:[(0,i.jsx)("b",{children:"Trade Opportunities:"})," India can now access over 90% of UAE's preferential market."]})}),(0,i.jsx)("li",{className:"disc",children:(0,i.jsxs)("p",{children:[(0,i.jsx)("b",{children:"FDI & FPI:"})," The agreement will accelerate Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) inflow from UAE into India. This will open new markets for several sectors."]})}),(0,i.jsx)("li",{className:"disc",children:(0,i.jsxs)("p",{children:[(0,i.jsx)("b",{children:"Cooperation & Collaboration:"})," The CEPA will enable countries to collaborate on critical technologies and mutually promote e-business/digital payment solutions."]})})]}),(0,i.jsx)("h5",{className:"heading_newsletter",children:"Opportunities for fintech"}),(0,i.jsx)("p",{children:"The CEPA can potentially usher in a new frontier in cross-border payments and remittances."}),(0,i.jsx)("p",{children:"Building robust, interoperable digital payment solutions is crucial for processing real-time transactions. However, empowering simple, cost-effective, and secure transactions requires inclusive access to critical technologies, new investments, and domestic resolution. This is what CEPA can do!"}),(0,i.jsx)("p",{children:"CEPA can build an open and equitable ecosystem for cross-border business in financial and insurance services. Both countries can reap development opportunities by strategically employing CEPA in their trade systems."}),(0,i.jsx)("p",{children:"The agreement is fairly new, so we will be monitoring how the fintech community in India and MENA responds to this and of course, we will keep you posted!"}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk22/upiImg14.png",alt:"news2"}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/three.svg",alt:"news2"}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk22/upiImg19.png",alt:"news2"}),(0,i.jsx)("p",{children:"Clearly, cross-border payment's upward trajectory will lead to higher financial inclusion."}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/four.svg",alt:"news2"}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk22/upiImg18.png",alt:"news2"}),(0,i.jsxs)("div",{className:"para_mar",children:[(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg12.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:["Upward spiral in \xa0",(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://medium.com/m2p-yap-fintech/upward-spiral-in-remittance-e85d4cddcdc2",children:"Remittance"})]})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg6.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:["Ready to sneak peek into \xa0",(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://medium.com/m2p-yap-fintech/cashless-societies-explained-15cfe93989a8",children:"Global cashless societies"})]})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg8.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:[(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://medium.com/m2p-yap-fintech/what-is-a-forex-card-and-how-it-works-96d5fb29bd98",children:"Forex cards"}),"- International travel made effortless"]})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg14.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:[(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://medium.com/m2p-yap-fintech/cross-border-payments-a-swift-money-flow-across-borders-95e4127b0530",children:"Cross border payments"}),"- A swift money flow across borders"]})]})]}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk22/upiImg17.png",alt:"news2"}),(0,i.jsxs)("div",{className:"para_mar",children:[(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg4.png",alt:"m2pfintech"}),(0,i.jsx)("p",{children:"Fintech start-up Slice launches UPI payments"})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg9.png",alt:"m2pfintech"}),(0,i.jsx)("p",{children:"RBI to introduce policy framework for BigTech like digital banking and fintechs in FY 23"})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg5.png",alt:"m2pfintech"}),(0,i.jsx)("p",{children:"Google is in talks with India to integrate shopping services with ecommerce network ONDC"})]}),(0,i.jsxs)("div",{className:"para-div",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg7.png",alt:"m2pfintech"}),(0,i.jsx)("p",{children:"Mastercard is piloting tech that lets customers pay with their face or hand in stores"})]})]}),(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk22/upiImg16.png",alt:"news2"}),(0,i.jsxs)("div",{className:"para_mar",children:[(0,i.jsxs)("div",{className:"para-div cepa",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg10.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:["Muthukumar A, our co-founder participated at \xa0",(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://www.linkedin.com/posts/m2pfintech_tnmeansbusiness-activity-6935897854771089408--J5N/?utm_source=linkedin_

1share&utm_medium=member_desktop_web",children:"the Industry-Academia roundtable \xa0"}),"by Guidance Tamil Nadu. We're honored to partner with key stakeholders from the government, industry, and academia and play a part in shaping the future of fintech in the state."]})]}),(0,i.jsxs)("div",{className:"para-div cepa",children:[(0,i.jsx)("img",{className:"upiFintalk",src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/fintalk-24/cepaImg13.png",alt:"m2pfintech"}),(0,i.jsxs)("p",{children:["M2P participated in a panel discussion on the topic,Kannan Murali, our Head of Product & Engineering delivered the Keynote address at the 'Festival Of Fintech' on the importance of an API infrastructure platform. \xa0",(0,i.jsx)(n(),{className:"upifintalk-Red",href:"https://www.youtube.com/watch?v=TAVoreey2XE&t=12260s&ab_channel=Businessworld",children:"Listen in!"})]})]})]}),(0,i.jsx)("p",{className:"margin-left",children:"That's it for now. See you again soon with all the need-to-know fintech updates!"}),(0,i.jsx)("p",{className:"margin-left",children:"Stay tuned. Stay curious."})]})})}),(0,i.jsx)(m.A,{}),(0,i.jsx)("div",{id:"footer",children:(0,i.jsx)("div",{id:"stop",className:"scrollTop",children:(0,i.jsx)("span",{children:(0,i.jsx)("img",{src:"https://m2p-website-static-files.s3.ap-south-1.amazonaws.com/images/Scrolltotop.svg",alt:"SwipeUp"})})})})]})})}}},e=>{e.O(0,[9237,5530,8855,1994,636,6593,8792],()=>e(e.s=14498)),_N_E=e.O()}]);