TBM Staff - Mumbai In a landmark deal, India and France have agreed to use Unified Payments Interface (UPI) in the European nation. This comes during Prime Minister Narendra Modi’s two-day visit to Paris.
Modi, from atop the Eiffel Tower, said that Indian tourists will soon be able to make Rupee payments using UPI. He was addressing the Indian community at the La Seine Musicale, a performing arts centre on an island in River Seine.
“In France, an agreement has been made for the use of India’s UPI…It will be started from the Eiffel Tower, and now Indian tourists would be able to make payments in Rupees, through UPI, in the Eiffel Tower,” PM Modi said.
The National Payments Corporation Of India (NPCI) that offers the UPI services had signed an MoU with France’s secure online payment system, Lyra, in 2022.
Modi also confirmed that France has decided to grant long-term five year visas for students pursuing a masters degree in France.
