German embassy praises India's UPI, shares video of minister making payment digitally

NEW DELHI: Germany's federal minister for digital and transport Volker Wissing on Sunday used Unified Payments Interface (UPI) to make a payment in India.

German Embassy India in a tweet hailed India's digital infrastructure and said that the minister was 'very fascinated' by the transaction experience.



"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 Volker Wissing was able to experience the simplicity of UPI payments and is very fascinated," German Embassy India tweeted.

India’s UPI accounts for more than half of India’s digital transactions. Developed and launched by the NPCI (National Payments Corporation of India) in 2016, UPI now clocks over 9 billion transactions a month in terms of volume come 2023.

So far, Sri Lanka, France, UAE, and Singapore have partnered with India on emerging fintech and payment solutions.

Earlier in July, PM Modi announced that India and France have agreed to use UPI payment mechanism.