NPCI’s UPI launched globally at the iconic Eiffel Tower in Paris
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The Unified Payments Interface (UPI) was formally launched at the iconic Eiffel Tower on Friday in Paris, France - tourists visiting Paris' Eiffel Tower will now be able to book their trip to the iconic monument using UPI, the NPCI said on Friday. It is part of of the drive to take Prime Minister Narendra Modi's vision of making UPI a global powerhouse. UPI is the instant payment system developed by the National Payments Corporation of India (NPCI) in 2016 that is being used in India. It is a digital financial system that connects multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments into one hood, according to NPCI.The NPCI said in a statement that its arm NPCI Internatio...