World

Piyush Goyal Launches UPI At Galeries Lafayette In France

Commerce Minister Piyush Goyal on Tuesday launched the Unified Payments Interface (UPI) at the iconic Galeries Lafayette in Nice, France, marking another milestone in the global expansion of India’s digital payments ecosystem.

Taking to X, the Minister posted, “Bringing India’s world-class digital payments platform to one of France’s premier retail destinations marks another significant step in UPI’s global expansion. With the participation of Lyra Collect and NIPL, this initiative showcases India’s ability to deliver trusted, seamless, and interoperable digital solutions at scale.”

“The launch further strengthens the economic and technological ties between India and France, reflecting the growing depth and ambition of our strategic partnership,” the post read.

The launch will allow Indian travellers in France to make payments using familiar UPI platforms, reducing the need for physical currency exchange, carrying cash, or dealing with foreign exchange charges.

According to a senior official, the initiative will likely benefit French businesses by providing access to a large and digitally savvy Indian tourist base.

Merchants will likely gain from increased transaction volumes, streamlined cash management, lower costs associated with handling cash, and secure real-time settlements.

France becomes the second country this month to adopt UPI, following its launch in Cambodia on June 3.

The cross-border payment linkage was formally inaugurated in Phnom Penh in the presence of Chea Serey, Governor of the National Bank of Cambodia, and senior representatives from the Reserve Bank of India.

The first phase of the India-Cambodia partnership enables Indian travellers to make QR-based payments at more than 4.5 million Cambodian merchants through Bakong’s KHQR system.

A second phase will establish a fully bi-directional payment corridor, allowing Cambodian citizens visiting India to use domestic banking and payment applications to scan UPI QR codes across the country.

Md Shadan Ayaz

Recent Posts

Fact Check: Is PM Modi Giving ₹8,000 Diwali Cash Assistance To All Indians? Gujarat Police Reveal The Truth

A viral message claiming that Prime Minister Narendra Modi is offering ₹8,000 in Diwali cash…

37 mins ago

CM Bhupendra Patel Credits PM Modi’s Swachh Bharat Vision As Gujarat Cities Win National Cleanliness Honours

Gujarat’s Ahmedabad-Sanand, Surat and Vadodara have received national recognition in the Swachh Survekshan 2025-26.

1 hour ago

PM Modi To Address Nationwide Events Marking Birsa Munda’s 151st Birth Anniversary In Gujarat

Gujarat has announced a series of programmes to mark the 151st birth anniversary of Bhagwan…

2 hours ago

Rishabh Pant Cleared To Join India’s Test Squad In New Zealand Ahead Of Series

Rishabh Pant has received medical clearance following an extended rehabilitation programme and is travelling to…

3 hours ago

PM Modi To Travel To Philippines For ASEAN-India And East Asia Summits From November 16

Prime Minister Narendra Modi will visit the Philippines from November 16 to 18 to participate…

3 hours ago

PM Modi Shares Diwali And Gujarati New Year Wishes With Sam Pitroda And His Wife

Prime Minister Narendra Modi extended Diwali and Gujarati New Year greetings to Congress leader Sam…

4 hours ago