The homegrown digital payments facility will be available to accounts using international mobile phone numbers from 10 select countries: Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates and United Kingdom
Those of you living abroad, who have been sending money home or making merchant payments, will find it easier. India’s National Payments Corporation of India (NPCI) has extended access to the Unified Payments Interface (UPI) to non-resident Indians, according to a press release sent out on January 10. The homegrown digital payments facility will be available to accounts using international mobile phone numbers from 10 select countries: Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates and United Kingdom.
Countries like Nepal, Bhutan, and Singapore, too, have signed deals with NPCI to integrate their payment networks with UPI, enabling seamless cross-border payments
“We have been receiving requirement from the (UPI) ecosystem with regards to the non-resident accounts and other permissible accounts having international numbers to be allowed to transact in UPI,” the NPCI statement said. “And there has been customer demand in the ecosystem to enable UPI…and experience the seamless and instant journey of UPI.”
All 382 member banks of NPCI have now been asked to ensure that all non-resident account types are onboarded by April 30, the press statement said.
The UPI system, launched in 2016, gained massive popularity in India during the Covid-19 pandemic. In 2022, up to 74 billion transactions amounting to $1.53 trillion were recorded on NPCI.
Countries like Nepal, Bhutan, and Singapore, too, have signed deals with NPCI to integrate their payment networks with UPI, enabling seamless cross-border payments.
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