France & Nirmala Sitharaman

France: France is the host nation for this diplomatic visit, engaging in discussions to deepen economic and strategic partnerships with India, and exploring collaborations in various sectors like finance, technology, and energy.

Nirmala Sitharaman: Nirmala Sitharaman, as the Finance Minister of India, is the central figure of this event, leading the Indian delegation to France to strengthen economic and strategic ties. Her engagements aim to promote India's investment opportunities and foster bilateral cooperation.

France: France is one of the 11 countries where UPI is operational, contributing to UPI's global reach.

Nirmala Sitharaman: The Finance Minister confirmed that any MDR burden will fall on merchants, not customers, and tabled amendments to allow MDR on UPI transactions under certain conditions. This policy stance could affect the economics of UPI for banks and fintechs.

France: France is another existing UPI market, demonstrating the system's reach in Europe.

Nirmala Sitharaman: As Finance Minister, Nirmala Sitharaman commented on UPI charges, indicating that NPCI has yet to decide on any fees, which could affect the payment ecosystem.

France: France>>> is one of the countries whose organizations have gained access to Anthropic>>>'s Mythos AI model through Project Glasswing to bolster cybersecurity.

Nirmala Sitharaman: Nirmala Sitharaman, as Finance Minister, has participated in discussions regarding AI opportunities and risks, showing government engagement with the technology.