France signs agreement to accept UPI payments and RuPay cards from India

Union Communication Minister Ashwini Vaishnaw said that UPI and Rupay card services will be available in France soon, giving a huge boost to the Unified Payments Interface (UPI) and Rupay cards. The overseas branch of India’s National Payments Corporation (NPCI) has inked a Memorandum of Understanding (MoU) with France’s Lyra Network for the acceptance of UPI and Rupay in the country.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

• So far, countries such as Singapore, the United Arab Emirates, Bhutan, and Nepal have adopted India’s UPI payment system.
• The NPCI International is in discussions to expand UPI services in the United States, Europe, and West Asia.
• Indian travellers will be able to make smooth payments throughout their trip to France thanks to an agreement between NPCI International and Lyra Network.
• Jawed Ashraf, an Indian ambassador in France, spoke about his experience with a seamless and transparent digital payment system and how beneficial it may be in France.

Importnat Takeaways For All Competitive Exams:

• Minister of Railways, Communications and Electronics & Information Technology: Shri Ashwini Vaishnaw

Find More News Related to Agreements