Monday, April 15, 2024

Travellers from G20 nations can use UPI in India: RBI

Date:

New Delhi: Reserve Bank of India has declared that UPI payment services will be accessible to citizens of G20 countries after arriving in India.

Until now, the UPI payment system was only available to Indian residents and non-resident Indians. Initially, this service will be available to G20 nationals entering through three airports – Bengaluru, New Delhi, and Mumbai.

A Prepaid Payments Instrument (PPI) wallet will be provided to them at the airport, which can be linked to UPI and can be used to purchase goods from around 5 crore shops.

The service can also be utilized at selected meeting spots by scanning the QR code. The wallets are endorsed by ICICI Bank, IDFC First Bank, and non-banking financial PPI institutions such as Pine Labs and Transcorp International.

Related articles

Huge Protests Erupt in Japan Against WHO’s Pandemic Treaty

Our message to you, from Qvive... Wake up and pay attention to what's happening around you! There's a big...

Democracy in the Digital Age: MIT Experts Caution Against Using Blockchain For Voting.

"Election Security Concerns and Blockchain-Based Voting" • Discusses concerns about election security, including potential foreign interference, unauthorized voting, voter...

Bill Gates-backed, Blockchain, AI, and Big Data-powered Virus-fighting App Launched

The Bill & Melinda Gates Foundation Embracing Blockchain Technology In recent years, the Bill & Melinda Gates Foundation has...

Day after EC notice, Atishi asks ED to reveal action against BJP in ‘money laundering’ cases

New Delhi: A day after getting a notice from the Election Commission, Delhi minister Atishi on Saturday asked...