NPCI to launch UPI, RuPay Cards in France

NPCI to launch UPI, RuPay Cards in France

Daily Current Affairs   /   NPCI to launch UPI, RuPay Cards in France

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Category : Business and economics Published on: June 18 2022

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  • The National Payments Corporation Of India’s (NPCI) international arm, NPCI International, has signed a memorandum of understanding (MoU) with Lyra Network of France for acceptance of UPI and RuPay Cards in the country.
  • The UPI payment system is currently available in countries including Bhutan, Singapore, Nepal, and the UAE. The NPCI International is also in talks to extend UPI services in the United States, West Asia and other European countries.
  • Nepal also adopted the payment mechanism for digital transactions in March this year.
  • NPCI International was incorporated in 2020 as a wholly-owned subsidiary of NPCI.
  • The international arm works on deployment of RuPay and UPI outside India.
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