Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ News / India/  Indian tourists can now purchase tickets for Eiffel Tower via UPI. Details here
BackBack

Indian tourists can now purchase tickets for Eiffel Tower via UPI. Details here

‘Indian tourists can now book their visit to the Eiffel Tower by purchasing tickets online using UPI (Unified Payment Interface), making the transaction process quick, easy, and hassle-free,’ an official statement said.

A pedestrian stands on the snow-covered Trocadero in front of the Eiffel Tower in Paris (AFP)Premium
A pedestrian stands on the snow-covered Trocadero in front of the Eiffel Tower in Paris (AFP)

Indian tourists visiting Paris' Eiffel Tower will now be able to book their trip to the iconic monument using India's Unified Payment Interface, the National Payments Corporation of India (NPCI) said on Friday.

NPCI International Payments Limited (NIPL) in partnership with Lyra, a French leader in securing e-commerce and proximity payments, has announced the acceptance of Unified Payments Interface (UPI) payment mechanism in France starting with the iconic Eiffel Tower. Indian tourists can now book their visit to the Eiffel Tower by purchasing tickets online using UPI — making the transaction process quick, easy, and hassle-free.

The announcement was made in Paris at an event organised by the Indian Embassy in France to celebrate India's Republic Day, it added.

Alain Lacour, President of the Lyra Group, Christophe Mariette, Commercial Director of Lyra France, and Patrick Branco Ruivo, CEO of Société d’Exploitation de la Tour Eiffel, graced the occasion.

This announcement is of particular significance considering that Indian tourists rank as the second largest group of international visitors to the Eiffel Tower. With this development, Indian tourists can make secure online transactions by simply using their UPI powered apps to scan QR code generated on the merchant website and initiate a payment.

Acceptance of UPI in France not only provides Indian tourists with a seamless payment option but also opens up numerous opportunities for merchants across France and Europe operating in the tourism and retail sectors. While Eiffel Tower is the first merchant to offer UPI payments in France, this service will soon be extended to other merchants in the tourism and retail space.

This will make it significantly easier for touring Indians to remotely book hotels, museums visits, etc. for their stay in France.

Ritesh Shukla, CEO of NIPL, said, “At NIPL, our ambition is to enable acceptance of NPCI's payment solutions in international markets and create a truly interoperable global payment system. We aim at actively collaborating with financial institutions worldwide to establish partnerships and provide consumers with convenient and secure cross-border payment solutions. Through this strategic partnership with Lyra, we have taken another step forward towards this goal."

Christophe Mariette, Commercial Director of Lyra France, said, “It is a great pride to have the trust of the Indian government and NIPL to launch UPI in Europe. We have been present in India for 17 years, and this partnership confirms the strength of our collaboration with this vast country. We also demonstrate our ability to stay ahead of market trends and strengthen our ambition to offer all payment methods used worldwide. For the players in the French and European tourism ecosystem, this partnership represents a major advancement and the promise of new business opportunities to come."

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 02 Feb 2024, 07:58 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App