Home FEATURED NEWS German Embassy hails India’s UPI as Minister Volker Wissing makes digital fee | TOI Original

German Embassy hails India’s UPI as Minister Volker Wissing makes digital fee | TOI Original

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Germany’s Federal Minister for Digital and Transport Volker Wissin utilized India’s Unified Payments Interface (UPI) to make a fee, showcasing India’s spectacular digital infrastructure. The German Embassy in India praised India’s success in digital infrastructure and highlighted the minister’s fascination with the seamless UPI transaction. UPI constitutes greater than half of India’s digital transactions, with over 9 billion month-to-month transactions as of 2023. Notably, international locations like Sri Lanka, France, UAE, and Singapore have collaborated with India on modern fintech and fee options. Additionally, Prime Minister Modi introduced India’s settlement with France to make use of the UPI fee mechanism.

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