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RBI extends UPI payment facility for Inbound Travellers to India - (21 Feb 2023)

Banking

The Reserve Bank of India announces a facility to enable all in-bound travellers visiting India to make local payments using Unified Payments Interface (UPI) while they are in India. Travellers visiting India can now experience the convenience of UPI payments at over five crore merchant outlets across India, that accept QR Code-based UPI payments.

Unified Payments Interface (UPI) has become a ubiquitous payment instrument for retail electronic payments in India. An enhancement has been made to provide UPI access to non-resident Indians who have international mobile numbers linked to their NRE / NRO accounts. This facility will be enabled across all other entry points in the country. Necessary operational instructions will be issued.

To start with, it is available to travellers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi). Eligible travellers would be issued Prepaid Payment Instruments (PPI) wallets linked to UPI for making payments at merchant outlets. Delegates from 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.

Tags : EXTENSION   UPI   INBOUND TRAVELLERS  

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