France is set to join the list of countries adopting India's Unified Payments Interface (UPI) in the next three to four months, according to Ritesh Shukla, CEO of NPCI International Payments Limited (NIPL).
Prime Minister Narendra Modi announced the UPI agreement during his visit to France, solidifying the partnership between the two nations.
Speaking about the upcoming UPI operations in France, Shukla stated that they are working diligently to ensure readiness on both sides, collaborating with Indian banks and French merchants.
He further emphasized that the anticipated timeline for the system to go live is approximately three to four months, demonstrating their commitment to making it a reality.
France is the first nation in Europe to accept UPI payments, allowing Indian tourists to conveniently make rupee payments using UPI without the need for physical currency.
This development follows the bilateral agreement reached between the two countries to leverage India's mobile-based payment system.
Shukla also highlighted that UPI-powered applications are already functional in Singapore, Bhutan, and the United Arab Emirates, showcasing the success and expansion of the system.
Additionally, NPCI is actively collaborating with several other countries to introduce UPI operations, with plans to go live in two to three additional nations within the next few months.