India and China are set to sign an agreement on digital payments and online services.
Under the agreement, the two countries will each set up a new joint venture with the aim of developing digital payments, online video services and e-commerce platforms.
A senior official from the Indian side of the agreement told Reuters India and Chinese officials will be signing the agreement at a summit in Shanghai on Monday.
The announcement is expected to come after the leaders of the two economies met on Tuesday to discuss a joint project to address India’s increasing internet and mobile penetration and to develop an open internet platform.
India and China have been locked in a trade dispute over the disputed Doklam plateau in the Himalayan region, which is claimed by both countries.
India has threatened to impose a border ban on Chinese nationals living in its territory, while China says it is ready to settle the border dispute by “peaceful means”.