Foreign Tourists Can Now Use UPI in India

UPI (Unified Payments Interface) is an instant real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones.

By Mrinal Verma 25 Jul 2024

in Industry

asd — Foreigners in India will now be able to use UPI for quick payments

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The National Payments Corporation of India (NPCI) has introduced UPI One World to expand the Unified Payments Interface (UPI) to the rest of the world and to aid everyone in India with it.

UPI One World

NPCI has partnered with the Reserve Bank of India (RBI), IDFC First Bank, and Transcorp International Limited to develop the UPI One World wallet app. The app was first announced at the G20 summit in 2023. NPCI has stated that the main objective of the wallet will be to make travelling easier for international tourists and to help eliminate cash dependency. Foreigners with the UPI One World app can just scan the QR codes at locations and easily make the payment.

asd — *Foreigners, too, can now scan QR codes and easily make the payment*

To activate the wallet, foreigners entering the country must contact the authorised PPI issuers at airports or money exchange locations and complete their full KYC. If they have any balance left at the end of their visit, they can easily transfer it back to their original payment account.

asd — *NPCI partnered with RBI, IDFC First Bank & Transcorp International Limited for the app*

How to Avail UPI One World Service

Download the issuer app and sign in
Verify Documents (Passport and Valid Visa) physically at Issuer Counter
Issuance of UPI One World on international mobile number
Load INR value against the desired amount by exchanging foreign currency at the issuer counter with Forex experts help or by the mode of Credit Card or Debit Card
Use the preloaded INR at merchant outlets
Encash any remaining balance loaded by the traveler before departure

Benefits of UPI One World Wallet:

Eliminates the hassle of carrying cash and handling multiple foreign exchange transactions
Easy, safe, and instant digital payments
Track of spends in transaction history of PPI-UPI Application

asd — *The app was first announced at the G20 summit in 2023*

A UPI spokesperson, talking of the wallet, has said, “International travellers can organise their financial needs using UPI One World. It allows for convenient loading and enables the transfer of any unused balance back to the original payment source. By enabling foreign travellers to experience the real-time payments system developed by India, we are taking a significant stride towards creating a more interconnected global digital payments ecosystem.”

#UPI