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Another milestone for Indian payment system UPI

Another milestone for Indian payment system UPI

Posted by TechnoDG on 18 day(s) ago .

Unified Payments Interface (UPI) is now available in France. Indian tourists visiting the Eiffel Tower in Paris can now purchase tickets by paying through UPI. The service is facilitated by a partnership between NPCI International Payments (NIPL) and French company Lyra. The acceptance of UPI in France opens up more opportunities for merchants across France and Europe operating in the tourism and retail sectors.

UPI is an Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016. It enables Indian tourists to make payments by scanning a QR code on the merchant’s website.

The service merges several banking features like seamless fund routing and merchant payments within a single platform.

It is a great pride to have the trust of the Indian government and NIPL to launch UPI in Europe. We have been present in India for 17 years, and this partnership confirms the strength of our collaboration with this vast country. We also demonstrate our ability to stay ahead of market trends and strengthen our ambition to offer all payment methods used worldwide. For the players in the French and European tourism ecosystem, this partnership represents a major advancement and the promise of new business opportunities to come,” said Christophe Mariette, Commercial Director of Lyra France.

From now on, Indian tourists can book their visit to the Eiffel Tower by purchasing tickets online using UPI. With this, France has become the first European country to accept UPI. The official announcement was made in Paris at an event organised by the Indian Embassy in France to celebrate the Republic Day of India.

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