**Executive Summary**
Union Minister Piyush Goyal witnessed the official launch of Unified Payments Interface (UPI) services in Greece on June 30, 2026, through a partnership between Eurobank and NIPL. The launch occurred during a high-level visit to Athens aimed at strengthening bilateral trade, investment, and economic cooperation between India and Greece. The visit included sectoral roundtables and business summits to foster innovation-led growth and deepen financial collaboration.
**Key Points / Main Content**
**UPI Launch and Digital Integration**
* UPI services are now live at Eurobank in Greece, following a partnership with NPCI International Payments Limited (NIPL).
* The system enables eligible customers to perform instant, secure, and seamless money transfers.
* Transaction costs via UPI are significantly reduced to a fraction of the costs associated with conventional money transfer methods.
* The expansion is framed as a milestone in the global adoption of India’s digital payment ecosystem.
**Bilateral Economic Engagements**
* Minister Goyal led a delegation of senior business leaders to participate in the India-Greece Business Council Meeting and Business Forum.
* High-level discussions with Eurobank’s leadership focused on enhancing financial collaboration and exploring growth opportunities.
* The India-Greece Business Summit reaffirmed a shared commitment to advancing trade and investment between the two nations.
**Sectoral Roundtables and Collaboration**
* Three specific sectoral roundtables were conducted to identify synergies:
* **Infrastructure:** Covering energy, ports, logistics, shipbuilding, warehousing, trade, and gems & jewellery.
* **Technology:** Focusing on digital innovation and defence.
* **Agriculture:** Centered on food processing and agriculture.
* These sessions allowed business leaders to explore avenues for collaboration and institutional ties.
**Impact Analysis**
**Eligible Customers (UPI Users)**
**Impact**
Users gain access to a faster, more secure, and cheaper method for cross-border money transfers compared to traditional banking methods.
**Action Required**
Eligible individuals can now utilize the UPI platform for financial transactions through Eurobank.
**Indian and Greek Business Leaders**
**Impact**
Stakeholders in infrastructure, digital innovation, and agriculture have new platforms and roundtables to identify investment synergies and partnerships.
**Action Required**
Engage in the identified sectoral pathways and leverage the momentum of the India-Greece Business Council to formalize commercial agreements.
**Eurobank and NIPL**
**Impact**
These entities are now the primary facilitators of India’s digital payment technology in the Greek market, strengthening their roles in international financial services.
**Action Required**
Maintain and scale the operational infrastructure for UPI services to ensure seamless delivery to customers in Greece.
Key Entities Referenced
Greece: The nation central to this international expansion, serving as the location for the new UPI service launch and bilateral economic engagements.
NIPL: NPCI International Payments Limited, the entity that partnered with Eurobank to facilitate the global deployment of UPI services.
Eurobank: A major Greek financial institution that collaborated with NIPL to host and enable UPI services for eligible customers in Greece.
India-Greece Business Summit: A high-level forum attended by ministers and business leaders to reaffirm a shared vision for trade, investment, and innovation-led growth.
Unified Payments Interface (UPI): India’s digital payment ecosystem launched in Greece to enable instant, secure, and low-cost cross-border money transfers.
Ministry of Commerce & Industry
UPI Goes Live in Greece, Commerce and
Industry Minister Shri Piyush Goyal Witnesses
the Launch at Eurobank
Global acceptance and adoption of UPI reflects the trust in
Prime Minister Modi’s vision of building technology-led
solutions: Shri Goyal
Commerce Minister's Greece Visit Focuses on Strengthening
India-Greece Trade, Investment and Business Partnership
Posted On: 30 JUN 2026 10:20PM by PIB Delhi
The Union Minister of Commerce and Industry Shri Piyush Goyal today witnessed the live demonstration
of the Eurobank-NIPL partnership enabling UPI services at Eurobank headquarters in Athens, alongside
its CEO, Mr. Fokion Karavias, and CEO of Fairfax Digital Services, Mr. Sanjay Tugnait, marking another
important milestone in the global expansion of India’s digital payment ecosystem.
Shri Goyal is leading a delegation of senior business leaders and officials on a visit to Greece to advance
bilateral economic cooperation and strengthen commercial partnerships.
Shri Piyush Goyal said that the launch marks another important milestone in the global expansion of
India's digital payment ecosystem. He said that, with UPI now live in Greece, eligible customers can
transfer money instantly, securely, and seamlessly, with transaction costs reduced significantly to a
fraction of those associated with conventional money transfer methods. He added that the growing global
acceptance and adoption of UPI reflects the trust in Honourable Prime Minister Shri Narendra Modi's
vision of building technology-led solutions that create value beyond borders and deepen partnerships for
shared growth and prosperity.
Shri Goyal’s visit featured a series of high-level engagements underscoring the shared commitment of
India and Greece to deepen economic ties.
The programme began with a meeting with the leadership team of Eurobank at Hotel Grande Bretagne,
Athens. Discussions focused on enhancing financial collaboration and exploring opportunities for
investment and growth.
The delegation participated in the India-Greece Business Council Meeting and Business Forum at the
Athens Chamber of Commerce and Industry (ACCI). Three sectoral roundtables were convened on
Infrastructure (Energy, Ports, Logistics, Shipbuilding, Warehousing, Trade, Gem & Jewellery); Digital
Innovation & Defence; and Food Processing & Agriculture.These roundtables saw participation of business leaders from India and Greece, underscoring the strong
interest in building partnerships across diverse sectors. The roundtables enabled Indian and Greek business
leaders to engage in focused discussions, identify synergies, and explore avenues for collaboration across
diverse sectors. The proceedings concluded with an address by Minister Goyal, highlighting the shared
vision of advancing trade, investment, and innovation-led growth.
The day's proceedings culminated in the India-Greece Business Summit, attended by Ministers from both
India and Greece along with senior business leaders. The Summit reaffirmed the shared vision of
advancing trade, investment, and innovation-led growth.
A Networking Reception at ACCI concluded the day, providing an opportunity for informal exchanges and
strengthening institutional and personal ties between the two nations.
The engagements on Day One of the visit reflect the strong momentum in India Greece relations and
highlight the commitment of both sides to building a robust and forward-looking economic partnership.
***
Abhishek Dayal/ Garima Singh/ Ishita Biswas
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