Bombay:
The RBI said on Tuesday that travelers from G-20 countries arriving at the international airports of Bengaluru, Mumbai and New Delhi can get Prepaid Payment Instruments wallets linked to UPI for making payments at more than five crore stores in all over India.
Earlier this month, the Reserve Bank made an announcement about granting access to UPI to foreigners and NRIs visiting India.
For starters, the RBI said, the facility is available to travelers from G-20 countries, at selected international airports (Bengaluru, Mumbai and New Delhi).
Eligible travelers would receive Prepaid Payment Instruments (PPI) wallets linked to UPI for making payments at points of sale.
“Delegates from G20 countries can also use this facility at various meeting locations,” the RBI said.
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.
“Travellers visiting India can now experience the convenience of UPI payments at more than five crore outlets across India, which accept QR code-based UPI payments,” the RBI said.
The G20 or Group of 20 is an intergovernmental forum of the world’s major developed and developing economies.
It includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, US and European Union (EU).
Payment transactions through UPI rose 1.3 percent on a monthly basis to a high of nearly Rs 13 lakh crore in January. PTI NKD CS NKD MR
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
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