PM Modi's Speech on UPI in France Could Lead to Adoption of Payment System

PM Modi Touts UPI as a Model for Digital Payments in France

Paris, July 14, 2023 - Prime Minister Narendra Modi on Thursday touted India's Unified Payments Interface (UPI) as a model for digital payments in France. He said that UPI is a secure, convenient, and affordable way to make payments, and that it could help to boost the French economy.

PM Modi made the remarks during a speech at the Indian Embassy in Paris. He was speaking to a group of Indian and French business leaders.

"UPI is a revolutionary payment system that has transformed the way people pay for goods and services in India," PM Modi said. "It is secure, convenient, and affordable. I believe that UPI has the potential to revolutionize the way people pay for goods and services in France as well."

PM Modi also spoke about the importance of India-France cooperation in the digital economy. He said that the two countries have a shared vision for a digital future, and that they can work together to create a more inclusive and prosperous world.

"India and France are natural partners in the digital economy," PM Modi said. "We have a shared vision for a digital future, and we can work together to create a more inclusive and prosperous world. I am confident that our cooperation in the digital economy will grow stronger in the years to come."

PM Modi's speech was well-received by the business leaders in attendance. They said that they were impressed by the success of UPI in India, and that they were interested in learning more about how it could be implemented in France.

The speech was also seen as a positive step towards promoting the adoption of UPI in France. It is important for India to export its digital solutions to other countries, and UPI is a great example of a solution that can be successful in other countries. I hope that PM Modi's speech will encourage more businesses and individuals in France to adopt UPI.

Here are some additional details about UPI:

• UPI is a real-time payment system that allows users to make payments directly from their bank accounts using their mobile phones.
• UPI was launched in India in 2016, and it has since become one of the most popular payment methods in the country.
• UPI is a secure and convenient way to make payments, and it is also very affordable.
• UPI is a great example of India's digital prowess, and it has the potential to be a successful payment method in other countries as well.