#upipayment #upipin #germanforeignminister #sjaishankar #annalenabaerbock #berlin
India’s Unified Payments Interface (UPI) received high praise from German Foreign Minister Annalena Baerbock at an event in Berlin. Joining her Indian counterpart S Jaishankar to discuss economic collaboration at the German Ambassadors’ annual meeting, Baerbock recalled her stint as the ambassador to India two years ago. “We met two years ago first time when I was in Delhi. I used your Metro and experienced your modernization strategy kilometre by kilometre.” the German foreign minister said adding, “I also saw people buying groceries and was very impressed by your up Unified Payments Interface, a digital instant payment system. I thought this would be impossible in Germany.” The comments come just days after US Federal Reserve’s Christopher Waller said the U.S. banking system was still unprepared for the digital payments revolution which is sweeping India. Baerbock also said, “I unfortunately saw in our Embassy that we are carrying application forms for visas in boxes where you normally carry your washing clothes. So, I thought okay I cannot change the payment on the street but I can definitely change the digitalization in our ministry.”
#digitalpayments #IndiaGermany #EconomicCollaboration #Modernization #Fintech #DigitalRevolution #InstantPayments #GlobalTech #Innovation #EconomicGrowth #DigitalIndia
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