UPI gets global launch at Eiffel Tower in France
The Hindu
India launches UPI at Eiffel Tower in Paris, marking PM Modi's vision of taking UPI global, with French tie-up.
India on Friday formally launched UPI at the iconic Eiffel Tower here, terming it as taking Prime Minister Narendra Modi's vision of taking UPI global.
"UPI formally launched at the iconic Eiffel Tower at the huge Republic Day Reception. Implementing PM @narendramodi's announcement and the vision of taking UPI global," the official X handle of India's Embassy in France posted along with the photos of the event.
Replying to this, Mr. Modi said, "Great to see this - it marks a significant step towards taking UPI global. This is a wonderful example of encouraging digital payments and fostering stronger ties."
Unified Payments Interface (UPI), launched in 2016, 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, according to NPCI.
Incidentally, at the invitation of Prime Minister Modi, Emmanuel Macron, President of France, was the Chief Guest for the 75th Republic Day celebrations in New Delhi on January 26.
"The new energy in India-France ties from a historic year in the Strategic Partnership visible at 75th Republic Day reception," the official handle X posted and thanked the Minister Delegate in charge of Democratic Renewal, Government Spokesperson Prisca Thevenot for honouring the occasion.
It also thanked the members of Parliament, business leaders, scholars, friends of India and Indians in France.
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