Travelers from G20 countries will now be able to pay through UPI
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The RBI had earlier this month decided to allow foreign nationals and NRIs visiting India to use UPI (Unified Payments Interface) upon arrival in India.
Travelers from G-20 countries will now be able to pay through UPI. The Reserve Bank of India (RBI) said on Tuesday that passengers arriving from G-20 countries can get UPI-linked ‘prepaid payment instrument wallets’ at Bengaluru, Mumbai and New Delhi international airports and through this over five crore transactions in India will be allowed. Can be used to pay at more stores.
The RBI had earlier this month decided to allow foreign nationals and NRIs visiting India to use UPI (Unified Payments Interface) upon arrival in India. The central bank had said that it would start with passengers from G-20 countries arriving at select airports (Bengaluru, Mumbai and New Delhi). Prepaid Payment Instruments (PPI) wallets linked to UPI will be issued to eligible passengers for making payments at outlets.
RBI said, “Representatives of G20 countries can also avail this facility at various meeting venues.” Initially, ICICI Bank, IDFC First Bank and two non-bank PPI issuers, Pine Labs Private Limited and Transcorp International Limited Will issue UPI linked wallets. RBI said, “Travellers visiting India can now pay through UPI at over 50 million shops across the country that accept QR code-based UPI payments.
The G-20 is an intergovernmental forum of the world’s major developed and developing economies. This includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union. Transactions through UPI increased by 1.3 percent on a monthly basis in January to Rs 13 lakh crore.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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