UPI goes live in Greece; Commerce Minister Piyush Goyal witnesses launch at Eurobank

India's digital payment system, the Unified Payments Interface (UPI), has officially expanded its reach to Greece. Union Commerce and Industry Minister Piyush Goyal witnessed the live demonstration of UPI services at Eurobank headquarters in Athens, marking a significant step in the global proliferation of India's digital payment ecosystem.

“

The launch marks another important milestone in the global expansion of India's digital payment ecosystem.

The initiative is a collaboration between Eurobank and National Payments Corporation of India (NPCI International Payments) (NIPL). Minister Goyal described the launch as "another important milestone in the global expansion of India's digital payment ecosystem." He emphasized that eligible customers in Greece can now transfer money instantly, securely, and seamlessly, with substantially reduced transaction costs compared to traditional methods.

Goyal credited Prime Minister Narendra Modi's vision for driving India's digital transformation, stating that UPI's growing global acceptance reflects "the trust in Honourable Prime Minister Narendra Modi's vision of building technology-led solutions that create value beyond borders and deepen partnerships for shared growth and prosperity."

“

With UPI now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly, with transaction costs reduced significantly to a fraction of those associated with conventional money transfer methods.

The launch occurred during Goyal's visit to Greece, which included a series of high-level engagements aimed at strengthening economic ties between the two nations. These included meetings with Eurobank's leadership, the India-Greece Business Council Meeting, and various sectoral roundtables focusing on infrastructure, digital innovation, defense, food processing, and agriculture. The discussions underscored strong interest from both Indian and Greek business leaders in forging partnerships across diverse sectors, culminating in an India-Greece Business Summit.

“

The growing global acceptance and adoption of UPI reflects the trust in Honourable Prime Minister Narendra Modi's vision of building technology-led solutions that create value beyond borders and deepen partnerships for shared growth and prosperity.