Historic: UPI payment mechanism to be used in France, check details
UPI in France: Good news for Indians and Indian tourist in France as India and France has agreed to use Unified Payments Interface (UPI) payment mechanism.
UPI payment in France will begin from the iconic Eiffel Tower and now the Indian tourists in France will be able to make payments in rupees.
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While addressing the Indian community at La Seine Musicale in Paris, PM Modi said, "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."
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The announcement is seen as a significant development for bilateral trade and tourism, between India and France.
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.
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.
PM Modi also spoke about an International Monetary Fund (IMF) study which revealed that efforts by India not only benefit the country but the entire humanity.
PM Modi also recalled that Indian soldiers 100 years ago laid down their lives while protecting the pride of France.
"Hundred years ago, Indian soldiers, protecting the pride of France, laid down their lives on French soil while performing their duty. Then the Punjab Regiment, one of the regiments that took part in the war here, is going to participate in the National Day Parade tomorrow," he said.
PM Modi is attending the National Day Parade of France with French President Emmanuel Macron. He called it a reflection of the "unbreakable friendship between India and France."
"I congratulate the people of France. I thank the people of France for inviting me. Today French PM received me at the airport and tomorrow I will attend the National Day parade with my friend Emmanuel Macron. This is a reflection of the unbreakable friendship between India and France," Modi said.
"India and France are tackling many challenges of the 21st century. Therefore, at this crucial time, the importance of the strategic partnership between our countries has increased even more," he added.
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The Prime Minister, who arrived in Paris on Thursday on a two-day official visit, was accorded a ceremonial welcome at the airport. He was welcomed by French Prime Minister Elisabeth Borne at the airport.
- With inputs from agencies
