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Travellers to India from G20 nations can use UPI for merchant payments: RBI

UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion

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The QCVM will be a cashless coin dispensation machine handing out coins against a debit to the customer’s bank account using UPI

Subrata Panda Mumbai
The Reserve Bank of India (RBI) intends to provide travellers to India access to the Unified Payments Interface (UPI) to make merchant payments while they are in the country. 

This comes close on the heels of the central bank allowing non-resident Indians with international mobile phone numbers access to the instant real-time payment system developed by the National Payments Corporation of India (NPCI) by linking it to their non-residential external/non-resident ordinary accounts.

To begin with, this facility will be extended to travellers from the Group of Twenty nations, arriving at select international airports. This facility will soon be enabled across

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First Published: Feb 08 2023 | 12:10 PM IST

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