UPI Goes Live At Galeries Lafayette Nice; France Becomes 8th Overseas Market
Piyush Goyal switched on UPI at Galeries Lafayette Nice Massena via NIPL's tie-up with Lyra Collect, with rollout extending to Nice and Charles de Gaulle airports. France becomes the 8th country accepting UPI, deepening a payments rail that Indian retailers and tourists increasingly lean on abroad.
What happened
Commerce Minister Piyush Goyal launched UPI at Galeries Lafayette in Nice Massena, France, partnering with Lyra Collect and NIPL. Rollout will extend to Nice
Key facts
- 8 countries
Why this matters
The Lyra Collect partnership template signals a replicable acquirer-led playbook for UPI expansion, opening adjacent M&A and tie-up opportunities with European PSPs and travel-retail consolidators serving Indian outbound flows.