India expands ‘UPI’ Wallet Digital Payments for all international visitors

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The National Payments Corporation of India (NPCI) has announced the rollout of the ‘UPI One World’ wallet for inbound travellers from across all nations visiting India.

This initiative aims to provide international visitors with a seamless, real-time digital payment experience through the Unified Payments Interface (UPI), enhancing their ability to explore India’s cultural wonders and vibrant landscapes with ease.

Unified Payments Interface (UPI) is India’s popular mobile-based real-time payment system that enables instant personal and merchant payments. With the introduction of the UPI One World wallet, foreign visitors can now enjoy the convenience and security of India’s ‘made in India’ technology, eliminating the need to carry cash or deal with the complexities of foreign exchange transactions.

The UPI One World wallet was first introduced during the G20 summit hosted by India last year. It will now be available to travellers from many more countries, allowing them to experience the benefits of UPI payments.

Once issued, the wallet can be loaded either in cash or through other payment modes. International travellers can use the UPI One World app to make payments at merchant locations by simply scanning the QR codes.

This enablement has been made possible by the joint efforts of NPCI, IDFC First Bank, and Transcorp International Limited, under the guidance of the Reserve Bank of India.

Speaking on this significant development, an NPCI spokesperson said, “We are thrilled to offer UPI experience to the international guests visiting India through UPI One World. This move aims to enhance the experience for visitors by equipping them with UPI, the most preferred payment choice among Indians.”

“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.” (Australia Today)