The Unified Payments Interface (UPI) payment system from India will be available in France soon. Prime Minister Narendra Modi made the announcement on Thursday. According to PM Modi, India and France have agreed to use UPI in this European country, opening up a massive new market for Indian innovation.
The Unified Payments Interface (UPI) is India's mobile-based payment system that allows people to make payments around the clock using a virtual payment address that the customer creates. Modi told the Indian community at the La Seine Musicale, a performing arts centre on an island in the Seine, that Indian tourists will soon be able to make rupee payments from atop the Eiffel Tower using UPI.
"An agreement has been reached in France for the use of India's UPI...It will begin with the Eiffel Tower, and Indian tourists will be able to make payments in Rupees via UPI in the Eiffel Tower," the prime minister said.
"Whether it is India's UPI or other digital platforms, they have brought about a significant social transformation in the country, and I am pleased that India and France are also cooperating in this direction." In France, India and France have agreed to use UPI. I'll leave once the agreement is reached. However, it is your responsibility to move forward. Friends, its beginning will be made from the Eiffel Tower in the coming days, which means that Indian tourists will now be able to make payments in Rupees, through UPI, at Eiffel Tower," Modi said while addressing the Indian community at La Seine Musicale in Paris.