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UPI Goes Global from Eiffel Tower

  • 08 Feb 2024
  • 1 min read

Source: TH

Recently, Unified Payments Interface (UPI) was formally launched at India's Republic Day celebration in Paris, France, at the iconic Eiffel Tower.

  • This event marks a significant step towards globalizing UPI and promoting digital payments,
  • Developed by the National Payments Corporation of India (NPCI) in 2016, UPI is an instant payment system that integrates multiple bank accounts into a single mobile application, simplifying various banking functions, fund transfers, and merchant payments.
  • The partnership between NPCI's subsidiary, NPCI International Payments (NIPL), and France's Lyra Collect has led to an agreement to introduce UPI in France and Europe.

Read more: Unified Payments Interface

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