German minister uses UPI to make payment in India, embassy lauds, shares video
Narendra Modi had announced that India and France have agreed to use UPI payment mechanism. ALSO READ: Modi in France: UPI to start from Eiffel Tower.
All you need to know “India and France have agreed to use UPI in France. In the coming days, it will begin from the Eiffel Tower, which means Indian tourists will now be able to pay in rupees," PM Modi said, referring to the Unified Payments Interface, or UPI.
The NPCI signed an MoU with France’s Lyra in 2022. Under the mutual arrangement, the Indian digital payment system will work on the Lyra network of France, which means when someone has to make a payment in euro (France’s official currency) in Paris, one can make payment via UPI in Indian rupee and the amount equivalent to the sum in euros will get deducted.
Before this, a similar agreement was signed between UPI and Singapore’s PayNow, enabling citizens in both the countries to carry out cross-border transactions. With agency inputs.
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