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India and France have signed a Memorandum of Understanding (MOU).
UPI is now a globally recognised way of payment, since it is used in the UAE, Singapore, and Bhutan, according to Union Minister Ashwini Vaishnaw, and following France, the next priority of NPCI International will be Nepal.
UPI RuPay France: What is the significance of the debut of the UPI RuPay card in France?
The move would also help RuPay, which recently received a boost as the country's central bank announced that RuPay credit cards will soon be linked to the UPI network, allowing customers to use UPI apps to make payments with their credit cards.
In France, UPI and RuPay are available; are these services available in other countries?
Source: Safalta.com
NCPI (National Payments Corporation of India International) is also in talks with Nepal to enable UPI payments.The debut of UPI RuPay in France comes just two months after NPCI International announced cooperation with NeoPay, a payments subsidiary of Mashreq Bank in the UAE, allowing Indians in the UAE to use UPI on the company's terminals throughout the country.
Facts to remember
Indians will soon be able to pay in France using their UPI or RuPay Cards, which will be useful to Indian students and travellers.
UPI is now a globally recognised way of payment, since it is used in the UAE, Singapore, and Bhutan, according to Union Minister Ashwini Vaishnaw, and following France, the next priority of NPCI International will be Nepal.
Indians are qualified to utilize UPI in nations such as Bhutan and Singapore, in addition to France. NCPI (National Payments Corporation of India International) is also in talks with Nepal to enable UPI payments.
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