The launch allows eligible customers in Greece to transfer funds to India instantly, securely, and seamlessly through the Unified Payments Interface system. The service is expected to significantly reduce transaction costs, bringing them down to a fraction of those associated with conventional international remittance channels, thereby enhancing affordability and efficiency for users.
Commerce and Industry Minister Piyush Goyal announced the development through a social media post, describing the inauguration of services at Eurobank as a major milestone in the global expansion of India’s digital payments ecosystem. He stated that the operationalization of Unified Payments Interface in Greece reflects the increasing global acceptance and trust in India’s technology-driven financial solutions.
Minister Goyal further emphasized that the growing international adoption of Unified Payments Interface demonstrates confidence in Prime Minister Narendra Modi’s vision of developing technology-led systems that generate value beyond national borders while strengthening partnerships aimed at shared economic growth and prosperity.
During his visit to Greece, Mr. Goyal also met Eurobank Chief Executive Officer Fokion Karavias. The discussions focused on expanding bilateral economic cooperation between India and Greece. Both sides explored opportunities to encourage Greek businesses to invest in India and examined potential areas of collaboration in manufacturing and infrastructure development within Greece, reinforcing a shared commitment to sustainable economic advancement.
The launch of this service is being viewed as a key step in strengthening financial connectivity between India and Europe, while further positioning India’s digital payments framework as a globally scalable model for cross-border transactions.
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