India formally launches UPI at iconic Eiffel Tower in Paris

India formally launched the Unified Payments Interface (UPI) at the iconic Eiffel Tower in Paris on Friday. Making the announcement, the Indian Embassy in France termed it as part of Prime Minister Narendra Modi's vision of taking UPI, global. The UPI was formally launched at the Republic Day reception held in France. The UPI is India's mobile-based payment system developed by the National Payments Corporation of India (NPIL) in 2016. It allows people to make round-the-clock pa...