UPI goes live in Greece as India's monthly merchant spend tops Rs 11 lakh crore
UPI launched in Greece via a Eurobank-NIPL tie-up, marking its 10th overseas market. Domestically, UPI merchant (P2M) payments hit Rs 8.7 lakh crore in May, up 25.2%, holding 77.1% of digital merchant spending versus Rs 2.02 lakh crore on credit cards — underscoring UPI's grip on Indian retail payment acceptance.
UPI launches in Greece via Eurobank-NIPL tie-up, its 10th overseas market. Domestically, UPI merchant payments hit Rs 8.7 lakh crore in May, holding 77.1% of digital merchant spending — key context for Indian retail payment acceptance.
Why this matters
Greece extends UPI's international rail to 10 countries, echoing recent expansion moves like the India-Seychelles UPI MoU. Domestically, UPI's 77.1% grip on merchant spend reinforces its dominance over credit cards in Indian retail acceptance.
Omni-channel remains steady with 530 signals tracked over the past 90 days.