UPI (Unified Payments Interface) has gained international recognition, and its expansion into France, starting with the iconic Eiffel Tower, signifies India's potential to become a global banking superpower.
UPI's international demand is growing, with partnerships established in countries like Russia, Thailand, Singapore, and the UAE.
This expansion eliminates the need for foreign currency conversions and high transaction fees, providing seamless payment options for Indian tourists and businesses abroad.
UPI's success contributes to India's goal of becoming a $10-trillion economy and challenges the dominance of card companies like Visa and MasterCard.
UPI has become international through partnerships with countries like France, Russia, Thailand, Singapore, and the UAE.
UPI enables Indian tourists to make payments at international destinations without the need for foreign currency or high transaction fees.
The expansion of UPI challenges the dominance of card companies like Visa and MasterCard in international payments.
India's FinTech sector is expected to surpass $1 trillion by 2030, contributing to its growth as a banking superpower.
UPI's international expansion strengthens India's digital public infrastructure and reduces reliance on the US dollar for international trade.