The system will enable users to link their bank accounts to related apps such as Paytm, PhonePe and Google Pay for merchant payments and fund transfers
The Reserve Bank of India (RBI) has proposed allowing foreign tourists to make merchant payments through the United Payments Interface (UPI) while in India. The system will enable users to link their bank accounts to related apps such as Paytm, PhonePe and Google Pay for merchant payments and fund transfers.
Announcing the Monetary Policy Committee (MPC) measures on February 8, RBI Governor Shaktikanta Das said: “Initially, tourists from G20 countries upon arrival at selected international airports will be allowed to use the facility.”
Das said UPI had become a ubiquitous payment tool in retail electronic payments in India.
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The National Payments Corporation of India (NPCI) recently asked the UPI ecosystem to allow users of non-resident account types in some countries to use international mobile numbers for transactions such as non-resident external (NRE) and non-resident ordinary (NRO) accounts through UPI
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It simply means that non-resident Indians (NRIs) can now pay with UPI without an Indian mobile number
“A recent improvement has been made to provide UPI access to non-resident Indians with an international mobile number associated with their NRE/NRO account. It is now proposed to allow all travellers entering India to use UPI for merchant payments (P2M) when they’re in the country,” Das said.
Das said that in the future, the facility would be activated at all other entry points in the country. Operating instructions will be released soon, he added.
The National Payments Corporation of India (NPCI) recently asked the UPI ecosystem to allow users of non-resident account types in some countries to use international mobile numbers for transactions such as non-resident external (NRE) and non-resident ordinary (NRO) accounts through UPI. It simply means that non-resident Indians (NRIs) can now pay with UPI without an Indian mobile number.
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