The famous Eiffel Tower in Paris, France is now officially offering India’s Unified Payments Interface (UPI) service. France was commended by Prime Minister Narendra Modi for the official introduction of UPI at the Eiffel Tower. Modi remarked in a post on the social media site X that the action is an excellent illustration of promoting digital payments and fortifying relationships.
“Great to see this—it marks a significant step towards taking UPI global,” said Modi in his X post. This is an excellent illustration of promoting digital payments and developing closer relationships.
The National Payments Corporation of India (NPCI) created the Unified Payments Interface, an instant payment system, in 2016. This technology allows several bank accounts (of any participating bank) to be powered by a single mobile app.
According to NPCI, the service provided by the apps combines on a single platform a number of banking functions, such as easy fund routing and merchant payments.
According to news agency PTI, the NPCI said in a statement that its subsidiary, NPCI International Payments (NIPL), has partnered with Lyra, a French provider of proximity payments and e-commerce. Starting with the Eiffel Tower, this relationship has contributed to the acceptance of the UPI payment method throughout the European nation.
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Indian visitors to the Eiffel Tower can now make a payment by scanning a QR code produced on the online store. The first retailer in France to accept UPI payments is Eiffel Tower. Other retailers and travel agencies in France and throughout Europe will soon be able to use the service.
According to the statement, Indian tourists are currently the second-largest group of foreign visitors to the Eiffel Tower.
The French president, Emmanuel Macron, was recently asked by the prime minister to attend the 75th Republic Day celebrations in New Delhi on January 26 as the Chief Guest.