NEWS: India launched UPI services in Greece through a partnership between NPCI International Payments Ltd. (NIPL) and Eurobank, strengthening India–Greece digital and economic cooperation.

ABOUT UPI

• Unified Payments Interface (UPI)à India's real-time mobile payment system for instant bank-to-bank transfers.
• Developed by the National Payments Corporation of India (NPCI).
• Regulated by the Reserve Bank of India (RBI).
• Enables seamless payments by linking multiple bank accounts to a single mobile application.
• Operates using Immediate Payment Service (IMPS) and Aadhaar Enabled Payment System (AEPS).

UPI IN GREECE

• Implemented through a partnership between NPCI International Payments Ltd. (NIPL) and Eurobank.
• Enables instant, secure, and low-cost digital payments for eligible customers.
• Expands the global footprint of India's digital public infrastructure.

GLOBAL REACH OF UPI

• UPI is already operational in Singapore, UAE, France, Sri Lanka, Bhutan, and now Greece.

INDIA–GREECE ECONOMIC ENGAGEMENT

• Business discussions held at the Athens Chamber of Commerce and Industry (ACCI).
• Focus sectors include infrastructure (energy, ports, logistics, shipbuilding, warehousing), trade, gems & jewellery, digital innovation, defence, food processing, and agriculture.