UPI Goes Global from Eiffel Tower | 08 Feb 2024

Recently, Unified Payments Interface (UPI) was formally launched at India's Republic Day celebration in Paris, France, at the iconic Eiffel Tower.

This event marks a significant step towards globalizing UPI and promoting digital payments,
Developed by the National Payments Corporation of India (NPCI) in 2016, UPI is an instant payment system that integrates multiple bank accounts into a single mobile application, simplifying various banking functions, fund transfers, and merchant payments.
The partnership between NPCI's subsidiary, NPCI International Payments (NIPL), and France's Lyra Collect has led to an agreement to introduce UPI in France and Europe.