PM Modi announces finalization of pact to allow UPI in France

iNDICA NEWS BUREAU–

India’s Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the popular site.

Addressing the Indian diaspora in Paris on the first day of his visit to France, Modi announced that the agreement for usage of India’s UPI in France has been finalized.

“The agreement for usage of India’s UPI in France has been finalized. In coming days, it’s usage will begin from Eiffel Tower. Soon, Indian tourists with the help of a mobile app will be able to make payment in rupees to visit the Eiffel Tower,” the Prime Minister said amid huge applause from the diaspora.

In 2022, the National Payments Corporation of India (NPCI), the umbrella organization that offers UPI services, had signed an MoU with France’s own fast and secure online payment system, called Lyra.

Modi announced the finalization of the pact between Lyra and UPI, which makes it the first such arrangement for a European country.

Related posts