France agrees to allow Indians to make UPI payments in rupees

Prime Minister Narendra Modi has stated that India and France have agreed on utilization of the Unified Payments Interface (UPI) mechanism and it’ll start from the Eiffel Tower, which suggests Indian vacationers pays in rupees to go to the world well-known website.

Addressing the Indian diaspora in Paris on the primary day of his go to to France, Modi introduced that the settlement for utilization of India’s UPI in France has been finalised.

“The settlement for utilization of India’s UPI in France has been finalised. In coming days, it is utilization will start from Eiffel Tower. Soon Indian vacationers with the assistance of cell app can be ready to make fee in rupee to go to the Eiffel Tower,” the Prime Minister stated whereas addressing the diaspora.

This will imply that now Indian vacationers pays in rupee to go to the Eiffel Tower, Modi knowledgeable the gathering.

In 2022, the National Payments Corporation Of India (NPCI), the umbrella organisation that provides UPI companies, had signed an MoU with France’s personal quick and safe on-line fee system, referred to as Lyra.

Modi introduced the finalisation of the pact between Lyra and UPI, which makes it the primary such association for a European nation.

(With inputs from IANS)