International

Paris (July 14,2023) : Prime Minister Narendra Modi announced on Monday that India's Unified Payments Interface (UPI) will be used in France, starting with the Eiffel Tower. UPI is a real-time payment system that allows users to send and receive money instantly using their smartphones. Modi made the announcement during a visit to Paris, where he met with French President Emmanuel Macron. The two leaders discussed ways to boost cooperation between India and France in the field of digital payments.

"UPI is a game-changer in India, and we believe it has the potential to revolutionize digital payments in France as well," Modi said. "We are excited to start this partnership with the Eiffel Tower, which is one of the most iconic landmarks in the world." UPI is already the most popular digital payments platform in India, with over 2 billion transactions processed every month. The system is expected to grow even more in the coming years, as more and more people in India adopt smartphones.

The adoption of UPI in France could have a major impact on the French economy. Digital payments are a more efficient and secure way to pay for goods and services, and they can help to reduce fraud and corruption. The partnership between India and France in the field of digital payments is a sign of the growing cooperation between the two countries. It is also a testament to the potential of UPI to become a global payment system.