back Back

India’s UPI now accepted at Galeries Lafayette store in Paris

By Gloria Methri

July 05, 2024

  • Cross Border Payments
  • Eiffel Tower
  • FinTech
Share

NPCI, UPI NIPL, UPI Payments, Digital Payments, Galeries Lafayette, India, France, ParisIndia’s Unified Payments Interface (UPI) has extended its reach to Paris, with the flagship Galeries Lafayette store in Haussmann now accepting UPI payments. NPCI International Payments Limited (NIPL), in partnership with Lyra, has enabled Indian tourists to make UPI transactions at this luxury department store, enhancing their overall Parisian experience.

Following the successful implementation of UPI for online ticket booking at the Eiffel Tower, Galeries Lafayette is the second major French merchant to enable UPI under this partnership.

Recalling the success of UPI’s launch at the Eiffel Tower, Ambassador Jawed Ashraf welcomed UPI’s engagement at Galleries Lafayette, especially considering the Paris Olympics. Starting July 26, the Paris Olympics is expected to draw a large number of Indian visitors to the city. The ambassador hopes this will pave the way for the wide acceptance of UPI in France and support its internationalization as a means of digital payments.

Ritesh Shukla, CEO of NPCI International, said, “Our collaboration with Galeries Lafayette in Paris not only enables UPI payments at a prestigious venue but also boosts UPI adoption as a convenient and secure cross-border payment method for Indian tourists. We are confident that UPI will continue to gain traction as a reliable and efficient payment option, further strengthening its presence in international markets.”

Christophe Mariette, Chairman of Lyra India, said, “Lyra is happy to have enabled, for the first time in Europe, the in-store acceptance of UPI in the iconic Department stores Galeries Lafayette Haussmann in Paris. Thanks to the collaboration with NPCI International, Galeries Lafayette and the cash register editor Lundi Matin, it has been done in a very short time. It is one more reason for Indian tourists to come to Paris for the Olympic Games.”

Nicolas Houzé, CEO of Galeries Lafayette, said, “We are delighted to be the first department store in Europe to offer the UPI payment solution at Galeries Lafayette Haussmann. By doing so, we facilitate seamless and secure transactions for our Indian guests and strengthen cultural and economic ties between France and India. As the number of visitors from India is growing, we are proud to offer this innovative payment option, ensuring a convenient and memorable shopping experience. With the opening of our first Indian store in Mumbai in 2025, followed by New Delhi, this initiative becomes even more significant, symbolizing our commitment to reinforcing the ties between our two countries.”

Previous Article

July 05, 2024

LoanOptions.ai brings bank statement analysis tool to track customer expenses

Read More
Next Article

July 05, 2024

Airwallex joins Intuit QuickBooks to provide seamless multicurrency reporting

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Cross Border Payments

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Paytm & Axis Bank to offer POS solutions to merchants

Read More

Today

Klarna integrates Sofort payment service with Klarna Payments

Read More

Today

PayDo partners with ClearBank for automated currency conversion

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024