In order to facilitate UPI payments in Europe, beginning with the Eiffel Tower, the National Payments Corporation of India (NPCI) has teamed up with Lyra. Visitors from India, who make up the monument's second-largest demographic, can now use UPI to buy tickets. By working with banks all over the globe, NIPL hopes to create a universal payment system.
NEW DELHI: At the Indian Republic day event on Friday, February 2, the Unified Payments Interface (UPI) was officially introduced at the Eiffel Tower in Paris. This means that visitors to the famous structure may now easily book their journeys using India's payment method.
The National Payments Corporation of India (NPCI) has announced that their international arm, NPCI International Payments (NIPL), has teamed up with Lyra, a French e-commerce and proximity payments platform, to make UPI payments accepted in Europe, beginning with the Eiffel Tower.
The Indian Embassy in France tweeted on Friday, "UPI formally launched at the iconic Eiffel Tower at the huge Republic Day Reception." Putting Prime Minister Narendra Modi's announcement and the goal of expanding UPI internationally into action.
The second-largest group of foreign visitors to the Eiffel Tower right now are Indian tourists, and an official announcement revealed that they can now buy tickets online using the UPI payment technology. Tourists can pay with a simple scan of a QR code made on the store's website; the process is said to be fast, convenient, and hassle-free.
An interoperable global payment system is something that NIPL CEO Ritesh Shukla hopes to achieve, along with the worldwide promotion of NPCI's payment solutions. "We aim at actively collaborating with financial institutions worldwide to establish partnerships and provide consumers with convenient and secure cross-border payment solutions," added Shukla.
"For the players in the French and European tourism ecosystem, this partnership represents a major advancement and the promise of new business opportunities to come," commented Christophe Mariette, Commercial Director of Lyra France, who emphasized the company's 17-year history in India.
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