Travelers From Other Countries Can Now Use UPI One World to Pay in India
![Travelers From Other Countries Can Now Use UPI One World to Pay in India](https://static.startuptalky.com/2024/07/UPI-One-World-StartupTalky.jpg)
The launch of UPI One World, an enhanced convenience and security digital wallet, has made traveling to India much easier for international travelers. Using this cutting-edge payment method, visitors worldwide may enjoy their time in India without dealing with complicated currency exchanges or carrying large amounts of cash.
The UPI One World wallet, which was first introduced during the G20 meeting that India hosted last year, is now available to more countries' tourists. The app allows users to pay at merchant locations with the simple scan of QR codes, making it a hassle-free experience for tourists. Thanks to a joint effort by NPCI (National Payments Corporation of India), IDFC First Bank, and Transcorp International Limited, with the support of the Reserve Bank of India, unused balances can be returned to the original payment source in compliance with foreign exchange regulations.
“We are thrilled to offer the UPI experience to international guests visiting India through UPI One World. This move aims to enhance the visitor experience by equipping them with UPI, the most preferred payment choice among Indians. International travelers can manage their financial needs conveniently and transfer any unused balance back to the original payment source. By enabling foreign travelers to experience the real-time payment system developed by India, we are taking a significant stride towards creating a more interconnected global digital payments ecosystem," an NPCI spokesperson commented to various media outlets.
UPI ONE WORLD
How Can Visitors Access the Wallet?
The UPI One World wallet, which may be obtained from authorized Prepaid Payment Instrument (PPI) issuers in various locations such as airports, hotels, and designated money exchanges, necessitates a comprehensive Know Your Customer process based on a valid passport and visa. The World Heritage Committee meeting will be held at Bharat Mandapam in New Delhi, and special arrangements are being made to distribute these wallets to the attendees there. Visitors can add funds to the wallet using cash or other payment methods once it's been issued.
Upon exiting India, they will be able to return any remaining money to their source per foreign exchange restrictions.
The purpose of this program is to ease travel for tourists from other countries who are visiting India. By providing the flexibility and safety of the Unified Payments Interface (UPI), which is India's most widely used digital payment system, tourists can enjoy their time in India without having to worry about managing cash or currency exchange.
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