India’s UPI Payment System will soon be available in France

- Advertisement -

Prime Minister Narendra Modi announced on Thursday that India and France have agreed to use India’s Unified Payments Interface (UPI) payment system in France. This will allow Indian tourists to make rupee payments using UPI from atop the Eiffel Tower and other tourist destinations in France.

UPI is a mobile-based payment system that allows people to make round-the-clock payments through a virtual payment address created by the customer. It is one of the most popular payment methods in India, with over 450 million users.

The agreement between India and France is a significant step in the expansion of UPI to the global market. It is also a boost for Indian innovation, as UPI is a homegrown technology that has been developed by the National Payments Corporation of India (NPCI).

- Advertisement -

NPCI is in talks with other countries, including the United States, Europe, and West Asia, to extend UPI services. The goal is to make UPI a truly global payment system that can be used by people all over the world.

The launch of UPI in France is a major milestone for the Indian government’s Digital India initiative. It is a sign that India is committed to making digital payments more accessible and convenient for its citizens and tourists.

Here are some additional details about the agreement:

- Advertisement -
  • The agreement was signed by the NPCI and France’s Lyra Network.
  • The agreement will allow Indian tourists to make rupee payments using UPI at select merchants in France.
  • The agreement is expected to be implemented in the coming months.

The launch of UPI in France is a significant development for the Indian fintech industry. It is a sign that India is committed to making digital payments more accessible and convenient for its citizens and tourists.

- Advertisement -

More News...

Recomended

RBI approves Canara Bank’s divestment of 70% in its subsidiary

RBI approves Canara Bank's divestment of 70% in its subsidiary

Meet IPS officer on whose life Vikrant Massey’s ’12th Fail’ movie is made

Meet IPS officer on whose life Vikrant Massey's '12th Fail' movie is made

Asian Development Bank Extends $180 Million Loan to Bolster Pakistan’s Urban Infrastructure

Asian Development Bank Extends $180 Million Loan to Bolster Pakistan's Urban Infrastructure

Banks to Hire over 50,000 Junior Officers in Massive Recruitment Drive

Banks to Hire over 50,000 Junior Officers in Massive Recruitment Drive

Google to Delete Inactive Accounts Starting December: What You Need to Know

Google to Delete Inactive Accounts Starting December: What You Need to Know

Assam Government Employees to Ramp Up Protests for Old Pension Scheme Revival

Assam Government Employees to Ramp Up Protests for Old Pension Scheme Revival