UPI Services Launched in Greece=

Commerce and Industry Minister witnesses the launch of UPI services at Eurobank headquarters in Athens, Greece. The launch occurs under a partnership between Eurobank and NPCI International Payments Ltd. (NIPL) to enable UPI-based money transfers for eligible customers.

UPI Services in Greece (Eurobank–NIPL Partnership):

Dimension	Key Details
UPI (Unified Payments Interface)	UPI is India’s mobile-based, real-time payment system that allows instant money transfers between bank accounts using a smartphone app, without needing to enter sensitive bank details each time.
Purpose	UPI provides for simplified digital payments by linking multiple bank accounts to one app.
Developed by	UPI is developed by the National Payments Corporation of India (NPCI).
Regulated by	UPI is regulated by the Reserve Bank of India (RBI).
Payment rails used	The system uses Immediate Payment Service (IMPS) and Aadhaar Enabled Payment System (AEPS) for seamless money transfers.
Global expansion partnership (Greece)	UPI services in Greece comprise a partnership between Eurobank (Greece) and NPCI International Payments Ltd. (NIPL).
Function for customers	The partnership enables instant, secure, low-cost money transfers for eligible customers.
Other countries with UPI adoption	UPI has been adopted in Singapore, UAE, France, Sri Lanka, Bhutan, and Greece.
India–Greece economic engagements	India–Greece Economic Engagement Business Council and Forum meetings are held at the Athens Chamber of Commerce and Industry (ACCI).
Sectoral roundtables convened	Sectoral roundtables comprise: infrastructure (energy, ports, logistics, shipbuilding, warehousing, trade, gems and jewellery); digital innovation and defence; and food processing and agriculture.