UPI formally launched in France at Eiffel Tower in Paris

India formally launched UPI on Friday at the iconic Eiffel Tower, citing Prime Minister Narendra Modi's "vision of taking UPI global." The National Payments Corporation of India (NPCI) developed the Unified Payments Interface, an Indian instant payment system, in 2016.

India's Embassy in France posted on X (formerly known as Twitter), “UPI formally launched at the iconic Eiffel Tower at the huge Republic Day Reception. Implementing PM @narendramodi's announcement & the vision of taking UPI global.” 

According to the NPCI, UPI is a system that connects multiple bank accounts to a single mobile application (of any participating bank), combining several banking features, seamless fund routing, and merchant payments under one hood.

“The new energy in India-France ties from a historic year in the Strategic Partnership visible at 75th Republic Day réception!,” 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 & Indians in France.

(With Agency Inputs)