Indians visiting the iconic Eiffel Tower in Paris now have a seamless way to purchase tickets - through the Unified Payments Interface, or UPI. This development comes courtesy of the NPCI International Payments Limited, as announced on Friday.
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#UPI #EiffelTower #Paris #France #FranceUPI #NarendraModi #UnifiedPaymentsInterface
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NewsTranscript
00:00 In a groundbreaking move, Indians visiting the iconic Eiffel Tower in Paris now have
00:10 a seamless way to purchase tickets through the Unified Payments Interface or UPI.
00:16 This development comes courtesy of the NPCI International Payments Limited as announced
00:21 on Friday.
00:23 The acceptance of UPI in France is a milestone that opens up numerous opportunities for merchants
00:29 across France and Europe, particularly in the tourism and retail sectors.
00:34 To make this venture a reality, NPCI International Payments Limited has partnered with Lyra,
00:40 a French leader in e-commerce and proximity payments.
00:44 NIPL, which is a wholly-owned subsidiary of the National Payments Corporation of India,
00:49 has been at the forefront of extending India's payment systems globally.
00:54 The Eiffel Tower, which is an iconic symbol of France, becomes the first site in Europe
00:59 to accept UPI payments, marking a significant step in promoting cashless transactions in
01:05 the continent.
01:06 This also makes France the first country in Europe to embrace the UPI system.
01:12 According to the NIPL press release, Indians constitute the second-largest group of international
01:17 visitors to the Eiffel Tower, reaffirming the strong ties between India and France in
01:22 the realm of tourism.
01:25 The agreement to introduce UPI payments in France was reached in July of last year, with
01:31 Prime Minister Narendra Modi making the announcement during his state visit to France.
01:36 PM Modi expressed that the service would commence with the Eiffel Tower and transactions would
01:42 be conducted in rupees.
01:45 The unified payments interface with over 380 million users in India has become a cornerstone
01:51 of the country's digital payment ecosystem.
01:54 Last month alone witnessed an impressive 12.2 billion transactions through this facility,
02:00 showcasing its widespread adoption and efficiency.
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