India and France have agreed to use UPI in France: PM Modi

April 22, 2024 10:51 am

Published by: thefactnews

The Fact News Service

Paris, July 14

Prime Minister Narendra Modi on Thursday announced that India and France have agreed to use Unified Payments Interface (UPI) payment mechanism and it will begin from the iconic Eiffel Tower.

PM Modi said that Indian tourists in France will now be able to make payments in rupees. “Be it India’s UPI or other digital platforms, they have brought a huge social transformation in the country and I am happy that India and France are also working together in direction. India and France have agreed to use UPI in France. I will leave after the agreement. However, it is your job to move forward. Friends, in the coming days its beginning will be made from Eiffel Tower which means that Indian tourists will now be able to make payments in Rupees, through UPI, at Eiffel Tower,” Modi said while addressing the Indian community at La Seine Musicale in Paris.

Unified Payments Interface (UPI) is India’s mobile-based payment system and allows people to make round-the-clock payments through a virtual payment address created by the customer.

Earlier this year, UPI and Singapore’s ‘PayNow’ signed an agreement facilitating users in either country to make cross-border transactions.

The announcement is seen as a significant development for bilateral trade and tourism, between India and France.

In his remarks, PM Modi said that India and France are working on archaeological missions for a long time. He stressed that digital infrastructure strengthens the ties between two nations.

“Very few people know that India and France are working on archaeological missions for a long time. It’s expanded from Chandigarh to Ladakh. Digital infrastructure is another sector that strengthens the ties between India and France,” PM Modi said.