Commerce and Industry Minister Piyush Goyal announced the development through a social media post, describing the inauguration of UPI services at Eurobank as another important step in the global expansion of India's digital payments ecosystem. He stated that with UPI now operational in Greece, eligible customers can transfer money to India instantly, securely, and seamlessly. He also emphasized that the service will significantly reduce transaction costs, bringing remittance charges down to a fraction of conventional transfer costs.
Mr. Goyal said the growing global acceptance and appreciation of UPI reflects the confidence in Prime Minister Narendra Modi’s vision of developing technology-driven solutions that create value beyond national borders while strengthening international partnerships for shared growth and prosperity.
During his visit to Greece, Mr. Goyal also met Eurobank Chief Executive Officer Fokion Karavias. The meeting focused on expanding the India-Greece economic partnership and encouraging Greek businesses to increase investments in India. The discussions also explored opportunities for collaboration in manufacturing and infrastructure development in Greece, advancing the shared vision of economic growth and long-term prosperity.
The launch of the UPI-based remittance service marks a significant advancement in India's efforts to globalize its digital payment ecosystem while reinforcing economic cooperation between India and Greece. The initiative is expected to facilitate faster, more secure, and cost-effective cross-border transactions, further strengthening bilateral economic and financial ties.
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