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UPI expands its global footprint
Financial Express Mumbai
|March 13, 2025
The app is setting new standards for digital payments
THE UNIFIED PAYMENTS Interface (UPI) serves as the backbone of India's digital financial economy. Thanks to a combination of advanced technology, strategic policy intervention, and disruptive innovation, the payments system has enhanced access to financial services, driven inclusive growth and formalised the economy. Its impressive trajectory has caught global attention, becoming a powerful tool for realtime, secure, and seamless digital payments for millions.
With the launch of the UPI service at the Eiffel Tower in February 2024, France became the first country to adopt the mobilebased payments system. UPI has also been extended to other merchants in the tourism and retail sectors in France and parts of Europe. UAE, Bhutan, Nepal, Sri Lanka, and Mauritius have also enabled the rollout of UPI.
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