- NPCI partners with Lyra to bring UPI payment system to France
- Indian tourists at the Eiffel Tower can use UPI apps to book tickets, no need for cards.
- UPI transactions in France may avoid extra charges compared to cards.
NPCI International Payments Limited (NIPL) has partnered with Lyra, a well-known French company specialising in secure online payments, to introduce the Unified Payments Interface (UPI) payment system in France.
NPCI and Lyra announced their partnership at a special event held at the famous Eiffel Tower. This collaboration builds on an agreement between India and France that was announced by Indian Prime Minister Narendra Modi last year. NPCI, a major player in India’s payment industry, took a big step toward this collaboration by signing a Memorandum of Understanding (MoU) with Lyra.
Now, Indian tourists visiting the Eiffel Tower can use their UPI-powered apps to easily book tickets online, eliminating the need for traditional credit or debit cards. They can simply scan the code on the merchant’s website using their UPI app to complete the payment.
“While the Eiffel Tower is the first merchant to offer UPI payments in France, this service will soon be extended to other merchants in the tourism and retail space.” statement by NPCI International
One great advantage of using UPI for transactions in France is the potential to avoid extra charges. Unlike credit and debit cards, UPI transactions may not incur fees for international payments in France. With over 380 million users in India, UPI has become incredibly popular as a widely accepted payment method. Its expansion to France opens up new possibilities for Indian tourists, providing them with a familiar and trusted payment system while traveling abroad.
This collaboration between NPCI and Lyra not only contributes to the global growth of UPI but also highlights India’s expertise and leadership in digital payments. It showcases the country’s commitment to advancing secure and convenient payment solutions.