UPI launched in Europe at Eiffel tower in Paris
When President Emmanuel Macron visited India as the Chief Guest for the Republic then he and Prime Minister Narendra Modi had also visited Jaipur. PM Modi explained the UPI digital payments system to Macron as the two leaders visited the local shop during their visit to Hawa Mahal in Jaipur and had tea at a tea stall. Macron made a payment using the UPI.
The UPI is India’s mobile-based payment system and allows people to make round-the-clock payments through a virtual payment address created by the customer. UPI is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments into one hood.
Now the Unified Payments Interface (UPI) has been formally launched at the Eiffel Tower in Paris, the Indian Embassy in France said on Friday and termed it as part of Prime Minister Narendra Modi’s “vision of taking UPI global.” The UPI was formally launched at the Republic Day reception held in France.
The Indian Embassy in France stated, “UPI formally launched at the iconic Eiffel Tower at the huge Republic Day Reception. Implementing PM @narendramodi’s announcement & the vision of taking UPI global.”
In 2023, India and France committed to nurturing a thriving ecosystem and building collaborations that empower their citizens and ensure their full participation in the digital century, according to the India-France joint statement. NPCI International Payments Limited (NIPL) and France’s Lyra Collect executed an agreement to implement the Unified Payment Interface (UPI) in France and Europe.
During his visit to France in July last year, Prime Minister Narendra Modi announced that India and France have agreed to use the UPI payment mechanism and it will begin from the iconic Eiffel Tower. PM Modi said that Indian tourists in France will now be able to make payments in rupees.
While addressing the Indian community at La Seine Musicale in Paris on July 14, PM 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.”
