UPI for NRI’S -
A Game Changing Pro
osal for International Remittances
Authorization to use UPI with overseas numbers linked to NRE and NRO accounts with the Government of India
Initially permitted for countries like Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates, and United Kingdom
NPCI has also said that in the future, in addition to the 10 countries this proposal might be available to other countries as well.
NRI visitors can easily make purchases without the need for expensive foreign credit cards or Internet banking.
Millions of NRIs will greatly benefit from this decision when making payments or money transfers
This proposal will fuel the UPI platform’s further growth and development
Banks have been asked to be ready with the required enablement’s by April 30th