Union Minister of Commerce and Industry Piyush Goyal announced on Tuesday that India’s digital payment system, the Unified Payments Interface (UPI), has now been launched in Greece, enabling eligible customers to make digital payments and transfer funds quickly, securely, and seamlessly. This is another major global milestone for India’s digital payment system.
On the social media platform ‘X’, Piyush Goyal stated that the growing global acceptance and popularity of UPI is a testament to Prime Minister Narendra Modi’s vision of developing technology-driven solutions. He noted that this is strengthening cross-border economic partnerships and giving new momentum to shared growth.
Demonstration of UPI Service in Athens
During his visit to Greece, the Union Minister witnessed a live demonstration of the UPI service—launched through a partnership between Eurobank and NPCI International Payments Limited (NIPL)—at Eurobank’s headquarters in Athens.
Eurobank CEO Fokion Karavias and Fairfax Digital Services CEO Sanjay Tugnait were also present on the occasion. This partnership is being hailed as a significant achievement in the global expansion of India’s digital payment network.
Invitation to Invest in India
Piyush Goyal met with Eurobank CEO Fokion Karavias to discuss further strengthening India-Greece economic ties. He invited Greek industries and investors to invest in India and explored possibilities for collaboration in sectors such as manufacturing and infrastructure development in Greece.
Addressing the India-Greece Business Forum
During his visit, the Union Minister also addressed the India-Greece Business Forum alongside Greece’s Deputy Minister of Foreign Affairs, Harry Theoharis. He also interacted with members of the Indian community on this occasion.
Highlighting India’s robust economic position, rapid growth rate, and vast investment opportunities, Piyush Goyal stated that India has emerged as an attractive destination for global investors, including those from Greece. Highlighting the prospects of the India-European Union (EU) Free Trade Agreement (FTA), he stated that it would open up new avenues for trade, investment, and economic cooperation.
Immense potential for cooperation across various sectors
The Union Minister emphasised the need to enhance cooperation between India and Greece in diverse sectors, including manufacturing, infrastructure, investment, and trade. He called upon the business communities of both nations to move forward towards co-manufacturing, co-investment, and co-creation with India.
