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UPI, Rupay To Soon Be Available in France: NPCI Signs MoU with Lyra Network

India’s UPI payment system will now be available in France after the NPCI signed an MoU with Lyra Networks, marking an expansion of the payments system

France is the first European country to accept UPI and Rupay payments. The international wing of the National Payments Corporation of India (NPCI International) signed a Memorandum of Understanding (MoU) with France’s Lyra Network on June 16th, said Minister of Communications, Ashwini Vaishnaw, in conversation with ANI.  With this deal, United Payment Interface (UPI) and Rupay card services will be available in France soon. The move comes after the Reserve Bank of India’s recent proposal to link Rupay credit cards to UPI, deepening the interface’s penetration across the country. Indians will be able to make payments via UPI and Rupay cards at Lyra terminals and machines—which may facilitate smoother payment experiences for Indian students and tourists in France. As of 2019, there were 10,000 Indian students in France—although the French government hopes to bring 20,000 to its shores by 2025.…

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