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New Delhi: Germany’s federal minister for digital and transport Volker Wissing on 20 August used Unified Payments Interface (UPI) to make a payment at a vegetable shop in the national capital.
Following this, the German embassy described digital infrastructure in India as one of its success stories and shared the video of Wissing using the UPI.
“One of India’s success stories is digital infrastructure. UPI enables everybody to make transactions in seconds. Millions of Indians use it. Federal Minister for Digital and Transport @Wissing was able to experience the simplicity of UPI payments first hand and is very fascinated!,” the embassy said on X.
One of India’s success story is digital infrastructure. UPI enables everybody to make transactions in seconds. Millions of Indians use it. Federal Minister for Digital and Transport @Wissing was able to experience the simplicity of UPI payments first hand and is very fascinated! pic.twitter.com/I57P8snF0C
— German Embassy India (@GermanyinIndia) August 20, 2023
The NPCI (National Payments Corporation of India) was launched in 2016, the UPI now clocks over 9 billion transactions a month in terms of volume come 2023. UPI integrates multiple bank accounts into a single mobile application into a single mobile application.
Till now, Sri Lanka, France, UAE, and Singapore had partnered with Indian government on emerging fintech and payment solutions.
Earlier in July, Prime Minister Narendra Modi had announced that India and France have agreed to use UPI payment mechanism.
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