UPI Enters France Following NPCI's MoU Agreement With Lyra Network Last Year
Addressing the Indian community in Paris, PM Modi said that India and France have agreed to use UPI in France
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Addressing the Indian community in Paris, PM Modi said that India and France have agreed to use UPI in France
India and France have signed an agreement allowing India's Unified Payments Interface (UPI) to be used in the case of retail payments. PM Narendra Modi announced the news after reaching France on his official visit, and with this latest development, France is the first country in Europe to allow it.
UPI in France: The possible launch of the digital payment technology Unified Payments Interface or UPI in France by PM Modi is making a buzz. If the deal happens, France will become the second country in Europe to have the system. In 2023, UPI and Singapore’s PayNow signed an agreement, allowing users in either country to make cross-border transactions., World News, Times Now
In 2022, the National Payments Corporation of India's (NPCI) international arm signed a memorandum of understanding MoU with Lyra Network of France for acceptance of UPI and Rupay in the country.
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