India’s Unified Payments Interface (UPI) has expanded its international footprint with the launch of a new remittance service in Greece through Eurobank. The initiative is part of Eurobank’s strategic collaboration with NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India.
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The new service enables eligible customers in Greece to transfer money directly to India using UPI, offering a faster, more secure and cost-effective alternative to traditional remittance channels.
Global Growth of India’s Digital Payment Ecosystem
Announcing the development, Union Commerce and Industry Minister Piyush Goyal described the launch as another significant step in the global growth of India’s digital payments ecosystem. He noted that the availability of UPI in Greece will allow customers to send money instantly and seamlessly, while substantially reducing transaction costs compared with conventional cross-border transfer methods.
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According to Goyal, the growing adoption of UPI across international markets reflects increasing confidence in India’s digital public infrastructure and its ability to deliver efficient financial solutions beyond national borders. The minister said the platform’s expanding global acceptance aligns with Prime Minister Narendra Modi’s vision of developing technology-driven solutions that strengthen international partnerships while creating value for businesses and consumers worldwide.
India-Greece Relationship
During his visit to Greece, Goyal also met Eurobank Chief Executive Officer Fokion Karavias to discuss opportunities for strengthening economic ties between the two countries. The discussions focused on enhancing the India-Greece economic partnership, encouraging greater Greek investment in India, and identifying new avenues for collaboration.
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The meeting also explored potential cooperation in manufacturing and infrastructure development in Greece, underscoring the shared commitment of both countries to deepen economic engagement and support long-term growth. The launch of UPI-powered remittances through Eurobank marks another milestone in India’s efforts to expand its digital payments network globally, making cross-border transactions more accessible and efficient for users around the world.
Indrani Priyadarshini is a journalist and editorial professional specialising in technology, artificial intelligence, smart cities, green energy, and digital transformation. With over four years of experience in tech journalism and digital media, she is known for turning complex industry developments into clear, engaging, and insightful stories. Her expertise spans reporting, editorial strategy, digital publishing workflows, and in-depth coverage of emerging technologies shaping the future. She has also conducted high-profile interviews and podcasts with industry leaders, bringing sharp analysis and accessible storytelling to a wide audience.
