Backpacking across Europe? Guess what, you can now use UPI to pay your way across Europe! Too vague? Let’s break it up a bit: United Payments Interface, UPI as we know it, will now be accepted across Europe as National Payments Corporation of India International Payments Ltd. (NIPL) has entered a partnership with Worldline (a European multinational payment and transactional service company) to enable and accept payments made via UPI. How does this work? Well, as part of their partnership, Worldline (which uses a QR-based system) will allow POS (Points-Of-Sale) systems of merchants across Europe to accept UPI payments from Indian travelers’ mobile phones.  But the cherry on top of this bit of news is that India’s multinational finance service RuPay will soon be accepted across Europe, for both Debit and Credit cards. WHY THE SUDDEN DEVELOPMENT?

Author-Dr.Aishwarya Nair