NPCI unveils UPI One World wallet service to international visitors

National Payments Corporation of India has announced the rollout of the ‘UPI One World’ wallet for inbound travelers, across all nations of the world, visiting India.

This initiative is designed to provide international visitors with a seamless, real-time digital payment experience, making it easier to explore India’s cultural wonders and vibrant landscapes.

 Additionally, this innovative service will be available to the esteemed delegates attending the World Heritage Committee meeting in New Delhi from July 21-31, 2024. Through this development, delegates as well as other foreign visitors will have the opportunity to immerse themselves in India’s rich culture, cuisine, and many diverse experiences with the ease of Unified Payments Interface (UPI) payments.

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 UPI One World wallet, first introduced during the G20 summit hosted by India last year, will now be available to people visiting from many more countries. Foreign visitors can use the wallet to experience the convenience and security of the "made in India" technology.

This eliminates the need to carry cash and the complexities of foreign exchange transactions. The UPI One World wallet can be availed through authorized PPI issuers at airports, hotels, designated money exchange locations, and other touchpoints, following a full KYC process based on a passport and valid visa. Arrangements will also be made to make these wallets available at Bharat Mandapam in New Delhi, the venue of the World Heritage Committee meeting, for the benefit of delegates.

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Once issued, the wallet can be loaded, either in cash or through other payment modes. International travelers can use the UPI One World app to make payments at merchant locations by simply scanning the QR codes.

Any unused balance can be transferred back to the original payment source, under foreign exchange regulations. This enablement has been made possible by the joint efforts of NPCI, IDFC First Bank, and Transcorp International Limited, under the guidance of the Reserve Bank of India.

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