UPI now live in Greece as India's digital payment ecosystem expands globally: Piyush Goyal
New Delhi, June 30
Commerce and Industry Minister Piyush Goyal on Tuesday said that with unified payments interface now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly, with transaction costs reducing drastically to a fraction of conventional transfer costs.
The increasing global acceptance and appreciation of UPI "reflects the trust in Prime Minister Narendra Modi's vision of building technology-led solutions that create value beyond borders and deepen partnerships for shared growth and prosperity," the minister posted on X.
During his Greece visit, the minister met Eurobank CEO Fokion Karavias and had a fruitful discussion on expanding the India-Greece economic partnership.
"Encouraged Greek businesses to invest in India and explored avenues for collaboration in manufacturing and infrastructure development in Greece, advancing our shared vision for growth and prosperity," said Goyal.
The minister witnessed the live demonstration of the Eurobank-NIPL partnership, enabling UPI services at Eurobank headquarters in Athens, alongside its CEO Karavias, and CEO of Fairfax Digital Services, Sanjay Tugnait, marking another important milestone in the global expansion of India's digital payment ecosystem.
He earlier addressed the India-Greece Business Forum alongside Harry Theoharis, Deputy Foreign Minister of Greece.
"I also had the opportunity to interact with members of the Indian diaspora community attending the event," said Goyal.
The minister highlighted India's remarkable growth story, strong macroeconomic fundamentals and consistent economic progress, offering unparalleled opportunities for Greece.
"Also, emphasised the immense potential of the India-EU FTA in unlocking new opportunities for trade, investment and economic cooperation," said Goyal.
Commerce Minister also underscored the vast potential for collaboration across key sectors and urged businesses and investors to co-create, co-invest and co-manufacture with India, paving the way for greater investment, stronger business ties and shared prosperity between our nations, according the X post.
— IANS
Reader Comments
While this is good news, I hope the government also focuses on strengthening digital infrastructure in rural India first. We have many villages where internet connectivity is still poor. But yes, global expansion is a positive step.
Great to see Indian technology making its mark abroad. I'm an expat living in Europe and UPI being available in more countries would make life so much easier for the Indian diaspora here.
This is the power of Made in India technology! From UPI to 5G, India is truly becoming a tech leader. Greece is just the beginning - soon the whole world will be using Indian payment systems. 😎
Impressive initiative. I'm curious about the regulatory framework behind this - how Indian financial systems are being integrated with European ones. UPI is definitely convenient, but data security across borders is always a concern.
Mera Bharat Mahan! 🇮🇳 This is such great news. My cousin is studying in Greece and he always complained about the hassle of international transfers. Now with UPI, it'll be so much easier and cheaper for him to get money from home. Technology is truly connecting the world.
Good to see Indian technology being adopted globally. The reduction in transaction
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