Indian lives these 10 countries will soon be able to do UPI payment

• Non-Resident Indians in ten countries can use UPI to conduct transactions.
• Payments Corporation has given partner banks until the 30th of April to comply.
• Indian PM cabinet committee authorised Rs. 2,600 crore initiative to promote RuPay debit cards.

Indians in other countries will soon be able to use their foreign mobile numbers to access the Unified Payments Interface (UPI).

Non-Resident Indians (NRIs) in ten countries can use UPI to conduct transactions without relying on their Indian phone number.

Singapore, the United States, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and the United Kingdom are among them.

Accounts such as NRE/NRO (Non-Resident External and Non-Resident Ordinary) with foreign mobile numbers can use UPI, according to the National Payments Corporation of India.

The Payments Corporation has given partner banks until the 30th of April to comply with the instructions.

An NRE account assists NRIs in transferring foreign earnings to India, whilst an NRO account assists them in managing revenue earned in India.

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The only stipulation is that banks verify such accounts are permitted under the Foreign Exchange Management Act (FEMA), adhere to Reserve Bank of India (RBI) norms, and prevent money laundering or terrorist financing.

Prime Minister Narendra Modi’s cabinet committee today authorised Rs. 2,600 crore initiative to promote RuPay debit cards and low-value BHIM-UPI transactions.

According to officials, the major UPI relocation will benefit international students, families residing abroad, and local companies.

Banks would be given financial incentives to promote transactions using RuPay and UPI under the scheme.

“India’s strides in digital payments will be further strengthened by today’s Cabinet decision regarding promotion of RuPay Debit Cards and BHIM-UPI transactions,” PM Modi said in a tweet.

There has been a massive jump in UPI transactions in just six years. In December, UPI transactions worth over ₹ 12 lakh crore took place.