Overview
- Commerce Minister Piyush Goyal confirmed Tuesday that India’s Unified Payments Interface is now live in Greece after he witnessed a live Eurobank–NIPL demonstration at Eurobank’s Athens headquarters.
- Goyal said eligible customers can send money instantly and securely with transaction costs reduced to a fraction of conventional cross‑border fees, though exact fees and customer eligibility will depend on partner bank rules.
- The minister used the visit to meet Eurobank CEO Fokion Karavias, address the India‑Greece Business Forum, and urge Greek firms to invest in India and collaborate on manufacturing and infrastructure projects.
- Officials and reports say this rollout is part of a steady international push for UPI that includes recent deployments in France and a reported acceptance footprint across about ten countries.
- UPI is India’s domestic real‑time retail payments system adapted for cross‑border use through partner banks and service providers, a move that could lower costs for tourists and the diaspora and encourage more bilateral commerce.