PM Modi Bats For UPI In Cyprus, Says France Already Onboard, More Nations Welcome

Last Updated:June 15, 2025, 23:32 IST

PM Modi welcomed the potential collaboration, highlighting that many countries, including France, are already associated with UPI.

Prime Minister Narendra Modi (PTI Image)

Prime Minister Narendra Modi on Sunday announced that talks are underway to make Cyprus a part of the Unified Payments Interface (UPI) network.

Speaking at the India-Cyprus CEO Forum in Limassol, PM Modi welcomed the potential collaboration, highlighting that many countries, including France, are already associated with UPI. He further described it as a symbol of India’s digital transformation and financial inclusion.

“Today, 50 per cent of the world’s digital transactions take place in India through Unified Payments Interface i.e. UPI. Many countries, like France, are associated with it. Talks are going on to include Cyprus in this and I welcome it," said the Prime Minister.

UPI, India’s real-time digital payment system, has become a global model for seamless and secure transactions. The move to integrate Cyprus into the UPI ecosystem is expected to deepen economic and technological ties between the two nations while enhancing cross-border financial connectivity.

PM Modi used the platform to showcase India’s economic resilience and innovation-led growth, stating that the country has witnessed a digital revolution over the past decade, enabling inclusive financial services for millions.

“Financial inclusion has become an example of this," he noted.

The Prime Minister also underlined the scale of India’s infrastructure ambitions, revealing that the government is investing over $100 billion annually in futuristic infrastructure.

He highlighted key focus areas from this year’s budget, including the launch of the Manufacturing Mission, and a renewed push toward maritime and port development, including shipbuilding and shipbreaking, for which a new policy is in the works.

He pointed to the rapid growth in the civil aviation sector and emphasized the importance of innovation as a cornerstone of India’s economy. “Our more than 1 lakh startups sell solutions, not just dreams," Modi said, underlining India’s emergence as a global innovation hub.

The address marked a new chapter in India-Cyprus economic relations, with digital cooperation and innovation taking centre stage.

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News world PM Modi Bats For UPI In Cyprus, Says France Already Onboard, More Nations Welcome