India’s popular digital payment system, Unified Payments Interface (UPI), is now live in Greece, making it easier for eligible users to send and receive money instantly.
Announcing the development, Commerce and Industry Minister Piyush Goyal said the move will allow customers to make secure and seamless transactions while significantly reducing money transfer costs compared to traditional payment methods.
UPI’s Global Reach Continues to Grow
Piyush Goyal said the growing acceptance of UPI around the world reflects the success of India’s technology-driven digital payment system.
In a post on X, the minister said the expanding global presence of UPI demonstrates international trust in Prime Minister Narendra Modi’s vision of creating technology-based solutions that benefit people across borders and strengthen global partnerships.
Partnership with Eurobank Marks a New Milestone
During his visit to Greece, Goyal met Eurobank CEO Fokion Karavias to discuss ways to strengthen economic ties between India and Greece.
The minister also witnessed a live demonstration of the Eurobank-NIPL partnership at the bank’s headquarters in Athens.
The partnership enables UPI payment services in Greece and marks another important step in the global expansion of India’s digital payments ecosystem.
The event was also attended by Fairfax Digital Services CEO Sanjay Tugnait.
India Invites Greek Businesses to Invest
Goyal encouraged Greek companies to explore investment opportunities in India.
He also discussed possible collaborations in sectors such as manufacturing and infrastructure development, aiming to deepen economic cooperation between the two countries.
According to the minister, both nations can benefit from stronger business partnerships and shared economic growth.
Focus on India-EU Trade Opportunities
The Commerce Minister also addressed the India-Greece Business Forum along with Greece’s Deputy Foreign Minister Harry Theoharis.
During the event, he interacted with members of the Indian diaspora living in Greece.
Highlighting India’s strong economic growth and stable macroeconomic environment, Goyal said the country offers significant opportunities for global investors.
He also stressed that the proposed India-European Union Free Trade Agreement (FTA) has the potential to boost trade, investment and economic cooperation.
The minister urged businesses from both countries to co-invest, co-manufacture and collaborate, saying stronger partnerships can create new business opportunities and deliver long-term benefits for India and Greece.
