UPI Goes Live in Greece, Reflecting India’s Growing Global Digital Footprint: Piyush Goyal

New Delhi, June 2026 : Commerce and Industry Minister Piyush Goyal on Tuesday hailed the launch of India’s Unified Payments Interface (UPI) in Greece, saying the milestone will enable eligible users to make instant, secure and seamless cross-border transactions while significantly reducing transfer costs.

Sharing the development on social media platform X, Goyal said the growing global acceptance of UPI reflects international confidence in Prime Minister Narendra Modi’s vision of creating technology-driven solutions that foster global partnerships and shared economic growth.

“With UPI now live in Greece, eligible customers can transfer money instantly, securely and seamlessly, with transaction costs reduced to a fraction of conventional transfer costs,” the minister said.

During his visit to Greece, Goyal met Eurobank Chief Executive Officer Fokion Karavias to discuss ways to strengthen economic cooperation between the two countries. The discussions focused on expanding bilateral partnerships and encouraging greater Greek investment in India.

The minister also urged Greek businesses to explore investment opportunities in India while discussing potential collaboration in manufacturing and infrastructure development in Greece as part of a broader strategy to deepen economic ties.

A key highlight of the visit was Goyal witnessing a live demonstration of the partnership between Eurobank and NPCI International Payments Limited (NIPL), which enables UPI-based payment services in Greece. The demonstration took place at Eurobank’s headquarters in Athens in the presence of Eurobank CEO Fokion Karavias and Fairfax Digital Services CEO Sanjay Tugnait.

The launch marks another significant step in the international expansion of India’s digital payments ecosystem, with UPI continuing to gain recognition across multiple countries.

Earlier, Goyal addressed the India-Greece Business Forum alongside Greece’s Deputy Foreign Minister Harry Theoharis, where he showcased India’s robust economic growth, strong macroeconomic fundamentals and expanding investment opportunities.

The minister also interacted with members of the Indian diaspora attending the forum and highlighted the vast potential for stronger business partnerships between India and Greece.

Emphasising the importance of the proposed India-European Union Free Trade Agreement (FTA), Goyal said the pact could unlock new opportunities for trade, investment and economic cooperation. He encouraged businesses from both countries to collaborate through co-investment, co-manufacturing and joint ventures, paving the way for stronger commercial ties and shared prosperity.