India’s Unified Payments Interface (UPI) went live in Greece following a partnership between Eurobank and NPCI International Payments Limited (NIPL), with Commerce and Industry Minister Piyush Goyal witnessing a live demonstration at Eurobank’s Athens headquarters. The launch was accompanied by Eurobank CEO Fokion Karavias and Fairfax Digital Services CEO Sanjay Tugnait, who joined Goyal for the demonstration.
Eurobank has also rolled out a UPI-based cross-border remittance service from Greece to India, becoming the first European bank to offer such a facility, and earlier opened a representative office in Mumbai as part of its regional expansion strategy. Goyal said UPI transactions from eligible customers will be instant and secure with transaction costs reduced to “a fraction of conventional transfer costs” in a social media post he shared about the event.
With Greece now on the list, UPI is accepted in ten countries: Greece, Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka and Cambodia. The rollout follows earlier high-profile international adoptions, including deployments in France at locations such as Galeries Lafayette in Nice and the Eiffel Tower in Paris.
UPI’s international transaction volume has grown sharply: in fiscal 2025 it recorded 755,000 overseas transfers, up from 37,060 the prior year, a figure cited by Goyal as evidence of rising global acceptance of India’s payments technology. The expansion into Greece underscores continued efforts by Indian payments bodies and foreign banking partners to extend UPI’s merchant and remittance use cases overseas.
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