Hey there!
Welcome to this week’s edition of Pennywise. We're here to share the latest and greatest in finance and business news with you.
__________________________________________________________________________________
News Headlines: India’s Global Expansion of UPI is now Live at Galeries Lafayette, Paris : What This Means for You
We've got some exciting news in the world of financial technology! India’s instant payment system, Unified Payments Interface (UPI), is now making waves in Paris, marking its spot at the iconic Galeries Lafayette. This comes after its big debut at the Eiffel Tower earlier this year.
Highlights:
Grand Launch
On July 3, 2024, the famous Galeries Lafayette in Haussmann, Paris, hosted the grand launch of UPI. It was a star-studded event with the Indian Ambassador to France, Jawed Ashraf, Nicolas Houze, CEO of Galeries Lafayette, and Alain Lacour, Chairman of Lyra Group.UPI’s Global Adventure
This is all part of Prime Minister Narendra Modi’s plan to take UPI global. It all started back in 2018 with its first international launch in Singapore. UPI, developed by the National Payments Corporation of India (NPCI) in 2016, has changed the way India does digital payments and is now ready to take on the world.Perfect Timing for the Paris Olympics
With the Paris Olympics kicking off on July 26, 2024, the timing couldn’t be better. UPI's presence in Paris means Indian visitors can now enjoy easy, quick, and secure digital payments, making their stay even more enjoyable.Words from the Ambassador
Ambassador Ashraf couldn’t hide his excitement. He reminisced about the successful launch at the Eiffel Tower and praised the fast teamwork between Lyra and NPCI. He highlighted UPI’s potential for not just digital payments but also cross-border remittances.What is UPI?
If you’re new to UPI, it’s a game-changer. It brings multiple bank accounts into one mobile app, offering a range of banking features for smooth transactions and merchant payments. UPI makes digital payments super easy and efficient for everyone.
Stay tuned as we keep you updated on UPI’s global journey and all the latest in financial technology. Thank you for reading Pennywise.
Catch you later!
The Greenbucks Team
Comments