Kerala Kaumudi Online
Wednesday, 06 December 2023 8.36 PM IST

India's UPI to be used in France for financial transactions


PARIS: Prime Minister Narendra Modi announced in front of the Indian community in Paris that India's digital payment system UPI (Unified Payments Interface) can be used in France, similar to international debit cards. India's goal is to make UPI universal.

Meanwhile, French President Emmanuel Macron and Prime Minister Narendra Modi have started discussions on defense cooperation. India is demanding the transfer of defense technology along with the purchase of Rafale fighter jets for the Navy, for which France is likely ready. There will be an opportunity to manufacture components of fighter jets in India. The President honored the Prime Minister of India with the nation's highest award, the Grand Cross of the Legion of Honour, at a dinner hosted by the President.

Prime Minister Modi pointed out that Indian tourists will soon be able to exchange Indian rupees through UPI with the help of a mobile app while visiting the historic Eiffel Tower.

The Prime Minister announced this while addressing the Indian community at the La Senne Musical Center in Paris.

  • Last year, National Payments Corporation of India (NPCI) has agreed to collaborate with France's online payment system 'Lira'.
  • MoUs have been signed with 13 countries.
  • An agreement was reached with Russia in April to use RuPay cards and the UPI system.
  • An agreement was signed earlier this year between UPI and Singapore's PayNow system.
  • UAE, Nepal and Bhutan have approved UPI. India is trying to spread UPI to different parts of the world like Europe and America.
  • 5 years post study visa for Indian students

Other decisions

Five-year post study visa for Indian students doing Masters courses in France

New Consulate of India in Marseille

LNG export between Indian Oil Corporation and France's Total Energies Company

Cooperation in the field of small and medium nuclear reactors

Greater cooperation in energy, artificial intelligence, semiconductor and digital technology sectors

France's participation in the development of the new National Museum in New Delhi

A statue of Tamil literary legend Thiruvalluvar will be installed in Cergy Prefecture

Lorem ipsum dolor sit amet
consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
We respect your privacy. Your information is safe and will never be shared.