Unified Payments Interface (UPI) and RuPay cards will soon be accepted as modes of payment in France. NPCI International Payments Limited (NIPL) has signed a Memorandum of Understanding (MoU) with French payment services company Lyra Network to finally get UPI and RuPay cards functional as payment modes in the European nation.
List Of Countries Where UPI Is Accepted
National Payments Corporation of India (NPCI) has been aiming to expand the functionality of UPI and RuPay cards outside of India. With this goal in mind, it recently partnered with firms such as Discover Financial Services (DFS) of the US, Bhutan’s Royal Monetary Authority (RMA), Japan Credit Bureau (JCB), and Singapore’s Network for Electronic Transfers (NETS). BHIM UPI is also fully functional now at all NEOPAY terminals in the UAE.
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NIPL has now partnered with Lyra Network to launch UPI and RuPay cards in France. Do note that NIPL is the international division of NPCI, which was established back in 2020 with the aim to expand the deployment of UPI and RuPay solutions globally.
While commenting on the launch of the UPI service in France, IT Minister Ashwini Vaishnaw said, “Considering India doing 5.5 billion UPI transactions per month, this strategic partnership will definitely prove to be a game-changer in the digital payments ecosystem”. He further added that the partnership would be a step towards making UPI available to the world.
Other feats achieved by the NPCI include expansion of UPI-based payments to over 100 million users via WhatsApp, launch of the UPI Lite app to facilitate small-value transactions in offline mode, and introduction of UPI 123Pay to bring UPI to feature phone users.
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