PM Modi and Emmanuel Macron: Fintech in the spotlight!

January 19, 2024
2 mins read

TLDR:
– India and France will focus on developing small modular reactors and strengthening digital cooperation, including fintech, during French President Emmanuel Macron’s visit to India.
– The two countries will specifically discuss the introduction of India’s United Payments Interface (UPI) for the Eiffel Tower in Paris.
– UPI has been a game changer in India’s payments ecosystem, accelerating digital adoption in the country.

India and France will prioritize the development of small modular reactors and digital cooperation, including fintech, during French President Emmanuel Macron’s visit to India. The focus on expanding digital cooperation is particularly significant as France seeks to introduce India’s United Payments Interface (UPI) for the iconic Eiffel Tower. UPI, an instant payments system introduced by the National Payments Corporation of India in 2016, has revolutionized India’s payments ecosystem by streamlining payments and transfers and driving digital adoption in the country. The two countries also aim to strengthen ties in other areas such as defense, space, education, and people-to-people contacts.

The summit between Indian Prime Minister Narendra Modi and French President Emmanuel Macron will emphasize the development of small modular reactors and digital cooperation in areas such as fintech. France is specifically interested in implementing India’s United Payments Interface (UPI) for the Eiffel Tower in Paris. UPI is an instant payments system that has transformed India’s payments ecosystem since its introduction in 2016. It has played a crucial role in facilitating digital adoption and streamlining payments and transfers in the country. The two countries also plan to expand their strategic partnership to encompass sectors such as defense, space, education, and people-to-people contacts.

The main focus of the summit between Indian Prime Minister Narendra Modi and French President Emmanuel Macron will be on developing small modular reactors and enhancing digital cooperation. France is particularly interested in introducing India’s United Payments Interface (UPI) for the famous Eiffel Tower. UPI, which was launched in 2016 by the National Payments Corporation of India, has revolutionized India’s payments system, making it easier for people to make payments and transfers. It has also played a key role in driving digital adoption in the country. In addition to the digital sector, the two countries will also aim to further strengthen their strategic partnership in areas such as defense, space, education, and people-to-people contacts.

The summit between Indian Prime Minister Narendra Modi and French President Emmanuel Macron will focus on the development of small modular reactors and digital cooperation, including fintech. France is particularly interested in implementing India’s United Payments Interface (UPI) for the Eiffel Tower. UPI, introduced by the National Payments Corporation of India in 2016, has transformed India’s payments ecosystem and accelerated digital adoption in the country. The two countries also plan to expand their strategic partnership to cover the digital domain, fintech, education, and people-to-people contacts in addition to their existing cooperation in defense and space sectors.

The summit between Indian Prime Minister Narendra Modi and French President Emmanuel Macron will prioritize the development of small modular reactors and digital cooperation, specifically in the fintech sector. France is interested in implementing India’s United Payments Interface (UPI) for the iconic Eiffel Tower. UPI has had a significant impact on India’s payments ecosystem since its introduction in 2016, making payments and transfers easier and boosting digital adoption in the country. In addition to fintech, the two countries will also explore opportunities for cooperation in defense, space, education, and people-to-people contacts.

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