UPI is increasing its reach in international markets now sustaining payments by RuPay cards in France too. The National Payments Corporation of India International (NPCI) lately authorized a Memorandum of Understanding (MoU) with Lyra Network, a France- based payments services carrier. The statement was made by Union Communications and also Electronics & & IT Minister Ashwini Vaishnaw.
The MoU permits customers to make payments in France at any type of POS terminals and also equipments utilizing the existing UPI ID produced. The solution is presently readily available just for RuPay cards. It is uncertain currently if various other card companies will certainly be sustained too. The action is an increase for Indians that take a trip abroad globally.
An MoU has actually been authorized b/w NPCI, International and also Lyra Network of France for ‘Acceptance of UPI & & Rupay Card inFrance India is doing 5.5 billion UPI deals in a month. Today’s MoU with France is a large accomplishment for us: Union Communications Min Ashwini VaishnawJune 15, 2022