UPI is being launched at the Eiffel Tower, France is going to walk the path of Modi's digital transactions

From big shopping malls to neighborhood pubs, QR codes are everywhere now.  Digital transactions have spread all over India in the era of Narendra Modi.  This time France is going to float in the stream of UPI (Unified Payments Interface).  After visiting that country, Modi said on Friday that France's first UPI is being launched at the Eiffel Tower in Paris.

UPI system was first introduced in Singapore by way of India.  Later in countries like Bhutan, Nepal, United Arab Emirates, Oman, money transactions started through Indian digital media and RuPay cards.  This time France is going to accept it.  Addressing a meeting of Indian origin and non-resident Indians in Paris on Friday, Modi said, "France is adopting the UPI system.  It will be launched at the Eiffel Tower in the coming days.  As a result, Indian tourists will get benefits.

He also claimed that if UPI is introduced in France as well, it will facilitate transactions avoiding cash altogether.  Incidentally, the Center started encouraging cashless transactions after the demonetisation phase in November 2016.  The use of UPI apps like GooglePay, PhonePay, Paytm etc. started growing since then.  India launched the VIM (India Interface for Money) app as money transactions increased through digital channels.  These apps used in India are regulated by NPCI (National Payments Corporation of India).

Incidentally, Prime Minister Narendra Modi arrived in Paris on Thursday on a two-day visit to participate in the 'Bastile Day' program as a special guest in response to the invitation of French President Emmanuel Macron.  Several agreements related to bilateral defense and trade are expected to be signed during his visit.  On his way back from France, the Prime Minister will return home after a one-day visit to the United Arab Emirates 

Post a Comment

0 Comments