Team Blitz India
NEW DELHI: India formally launched the Unified Payments Interface (UPI) at the iconic Eiffel Tower in Paris on February 2, terming it as taking Prime Minister Narendra Modi’s vision of taking UPI global.
“UPI formally launched at the iconic Eiffel Tower at the huge Republic Day Reception. Implementing PM @narendramodi’s announcement and the vision of taking UPI global,” the official X handle of India’s Embassy in France posted along with the photos of the event.
Replying to this, PM Modi said, “Great to see this – it marks a significant step towards taking UPI global. This is a wonderful example of encouraging digital payments and fostering stronger ties.”
UPI, launched in 2016, is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments into one hood, according to NPCI.
