India Launches UPI Payments at Eiffel Tower in Paris

• India has officially introduced the Unified Payments Interface (UPI) at the iconic Eiffel Tower in Paris, marking a significant step towards realizing Prime Minister Narendra Modi’s vision of globalizing UPI.
• This initiative follows the digital payments sector agreement signed between India and France in July of the previous year, making France the first European country to adopt India’s UPI for retail transactions.
• India’s National Payments Corporation of India (NPCI) has successfully launched UPI payments at the Eiffel Tower, making it the first merchant in France to offer this service. This move aligns with Prime Minister Modi’s push for a global presence of UPI.
• The collaboration between India and France in the digital payments sector, initiated in July, allows the use of India’s UPI for retail payments in France. This groundbreaking agreement positions France as the pioneer in embracing UPI on the European continent.

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Published date : 03 Feb 2024 04:53PM