Paris based Galeries Lafayette Haussmann has recently announced the integration of the Unified Payments Interface (UPI) system, introducing a new level of convenience and security for its customers. This initiative is part of the store’s continuous efforts to modernize and streamline the payment process for its customers.
The Unified Payments Interface, a revolutionary payment technology developed by the National payments Corporation of India (NPCI), has transformed the digital payment landscape in India. Since its inception in 2016, UPI has enabled instant and interbank money transfers via mobile applications, allowing users to link multiple bank accounts to a single app using unique virtual identifiers.
Established in 2008, the National Payments Corporation in India (NPCI), is a non-profit organization dedicated to promoting and developing India’s payment infrastructure. Through innovations like UPI, NPCI has played a crucial role in digitizing the Indian economy, making digital payments more accessible and inclusive for millions of citizens. This transformation has facilitated everyday transactions and significantly advanced financial inclusion on an unprecedented scale. To celebrate the launch of UPI payments at Galeries Lafayette Haussmann, a cocktail event was held on Wednesday July 3rd, 2024. The event was honored by the presence of Jawad Ashraf, Ambassador of India to France, and Nicolas Houzé, CEO of Galeries Lafayette.
This exclusive gathering provided a unique opportunity to strengthen ties between the Parisian department store and the Indian diplomatic community, highlighting the importance of international relations in the store’s commercial and cultural endeavors.
“We are delighted to be the first department store in Europe to offer the UPI payment solution at Galeries Lafayette Haussmann. By introducing UPI, we facilitate seamless and secure transactions for our Indian customers and strengthen cultural and economic ties between France and India. As the number of visitors from India is growing, we are proud to offer this innovative payment option, ensuring a convenient and memorable shopping experience. With the opening of our first Indian store in Mumbai in 2025, followed by New Delhi, this initiative becomes even more significant, symbolizing our commitment to reinforcing the ties between our two countries,” said Vincent Sénéquat, Director of Galeries Lafayette Paris Hausmann.”
