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This strategic partnership aims to establish a reliable and efficient real-time payments platform within Peru. (Image source: Freepik)

This strategic partnership aims to establish a reliable and efficient real-time payments platform within Peru. (Image source: Freepik)

France becomes first European country to accept UPI

February 6, 2024
in Fintech
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Unified Payments Interface (UPI) is now being accepted in France. According to a release by National Payments Corporation of India (NPCI), Indian tourists can now book their visit to the Eiffel Tower by purchasing tickets online using UPI, making the transaction process quick, easy, and hassle-free.

“NPCI International Payments Limited (NIPL) in partnership with Lyra, a French leader in securing e-commerce and proximity payments, has announced the acceptance of Unified Payments Interface (UPI) payment mechanism in France starting with the iconic Eiffel Tower,” NPCI informed.  

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This announcement is of particular significance considering that Indian tourists rank as the second largest group of international visitors to the Eiffel Tower. With this development, Indian tourists can make secure online transactions by simply using their UPI powered apps to scan QR code generated on the merchant website and initiate a payment.

“Acceptance of UPI in France not only provides Indian tourists with a seamless payment option but also opens up numerous opportunities for merchants across France and Europe operating in the tourism and retail sectors. While Eiffel Tower is the first merchant to offer UPI payments in France, this service will soon be extended to other merchants in the tourism and retail space. This will make it significantly easier for touring Indians to remotely book hotels, museum visits, etc. for their stay in France,” NPCI added.

The official announcement was made in Paris at an event organized by the Indian Embassy in France to celebrate the Republic Day of India. His Excellency M. Jawed Ashraf, the Ambassador of India to France and Monaco, along with distinguished guests including Prisca Thevenot, Minister Delegate to the Prime Minister and Government Spokesperson, France, Alain Lacour, President of the Lyra Group, Christophe Mariette, Commercial Director of Lyra France, and Patrick Branco Ruivo, CEO of Société d’Exploitation de la Tour Eiffel, graced the occasion.

Notably, In January 2024 alone, UPI recorded over 12.2 billion transactions, emphasizing its widespread adoption. This achievement solidifies its position as the world’s most efficient instant payment system.

Tags: Eiffel TowerFintechFranceNPCIonline paymentsUPI

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