As part of its efforts to further increase the usage of India's leading digital payment infra Unified Payments Interface (UPI), the National Payments Corporation Of India (NPCI) has rolled out 'UPI One World' wallet for all foreign tourists
The NPCI partnered IDFC FIRST Bank and Transcorp International Limited, under the guidance of the Reserve Bank of India (RBI), to develop the offering. The offering is only live with these two partner entities.
The NPCI said that the offering is primarily targeted for international tourists to eliminate the hassle of carrying cash. It will allow travellers to make payments through UPI One World wallet at merchant locations by simply scanning the QR codes using the UPI One World app.
The NPCI first launched UPI One World wallet during the G20 summit last year. At that time, it was only restricted to tourists from a select group of countries.
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