This is NPCI International’s seventh international collaboration to spread India’s digital payment products—UPI and Rupay cards—around the world, following agreements with the UAE, Singapore, Nepal, and Bhutan.
The National Payments Corporation of India (NPCI) announced on Thursday that it has begun offering the Unified Payment Services (UPI) throughout Europe, beginning with France, following the UAE, Singapore, Nepal, and Bhutan.
The international division of NPCI, NPCI International Payments Limited (NIPL), announced during his trip to France for the Viva Technology 2022 event that NIPL had signed a Memorandum of Understanding (MoU) with Lyra Network, a provider of payment solutions based in France, to accept UPI and Rupay cards in the nation.
“The whole world is watching that India is doing 5.5 billion UPI transactions in a month. This is a big achievement for India. Today’s MoU with France is a big step towards the world,” the minister told ANI.