France will soon be able to use India’s Unified Payments Interface (UPI) payment system.
This was declared by the prime minister on Thursday. According to PM Modi, France and India have decided to deploy UPI in this country of Europe, creating a sizable new market for Indian innovation.
Users can send payments at any time using a virtual payment address they create themselves thanks to India’s mobile-based Unified Payments Interface (UPI) technology.
Modi stated that soon Indian tourists will be able to make rupee payments using UPI from the top of the Eiffel Tower while speaking to the Indian community at the La Seine Musicale, a performing arts centre on an island in the Seine.
“In France, an agreement has been made for the use of India’s UPI…It will be started from the Eiffel Tower, and now Indian tourists would be able to make payments in Rupees, through UPI, in the Eiffel Tower,” the prime minister said.
At La Seine Musicale in Paris, while addressing the Indian community, Modi said, “Be it India’s UPI or other digital platforms, they have brought a huge social transformation in the country and I am happy that India and France are also working together in direction. India and France have agreed to use UPI in France. I will leave after the agreement. However, it is your job to move forward. Friends, in the coming days its beginning will be made from Eiffel Tower which means that Indian tourists will now be able to make payments in Rupees, through UPI, at Eiffel Tower.”
With France’s own quick and secure online payment system, Lyra, the National Payments Corporation of India (NPCI), the umbrella agency that provides UPI services, signed an MoU in 2022.
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