In order to facilitate smooth cross-border transactions, the Indian government has been attempting to export its digital payment systems, such as the Unified Payments Interface (UPI), to other nations. To make remittance payments and financial transfers less expensive, this is being done.

The most effective payment system in India, UPI, will be implemented in France, according to Prime Minister Narendra Modi on Friday. According to Modi, visitors from India will soon be able to use UPI to send payments in rupees from the top of the Eiffel Tower.

UPI will be used in France, India and France have agreed. Indian tourists will now be able to pay in rupees since it will start from the Eiffel Tower, according to PM Modi.

The Centre stated in January of this year that non-resident Indians (NRIs) from ten different countries can send and receive money using UPI provided their domestic bank accounts are connected to their international phone numbers.

Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates, and the United Kingdom were among the nations on the list.

The nodal organisation for UPI, National Payments Corp. of India (NPCI), advised members taking part in UPI to make sure that only accounts compliant with the Foreign Exchange Management Act (FEMA) can utilise this feature.

Here are some of the connections between India and other nations using the UPI system.

UPI Global

All stakeholders, including member banks, third-party application providers, and other payment providers, will be able to offer UPI Global by December 31, 2021, according to the UPI global effort, according to NPCI.

Bhutan was the first nation to approve UPI transactions with the BHIM App in July 2021.

The Royal Monetary Authority (RMA) of Bhutan and NPCI International Payments Ltd (NIPL), its worldwide arm, teamed to enable and execute BHIM UPI QR-based payments in Bhutan, according to a news release from NPCI. Bharat Interface for Money is referred to as BHIM. The NPCI created the app to support mobile payments.

'UPI One World' was introduced by the RBI and NPCI in February for overseas visitors to India after India took over the G20 Presidency in December 2022.

In March 2022, Nepal embraced UPI for online transactions. In order to implement UPI for interoperable real-time P2P and merchant payment transactions in Nepal, NIPL inked a contract with Manam Infotech Private Limited and Gateway Payments Service Pvt Ltd, the country's licenced payment system operators.

The first Indian fintech company to allow international UPI payments is PhonePe. Users of PhonePe may make payments to merchants at points of sale or merchant outlets in the UAE, Singapore, Mauritius, Nepal, and Bhutan using their Indian bank accounts. Additionally, Paytm said that it will begin supporting UPI Global payments.

Oman and NPCI teamed together in October 2022 to connect UPI to their payment systems. The NPCI and the Central Bank of Oman (CBO) inked a formal agreement in this respect in November.

Millions of Indian tourists travelling to the UAE will now be able to make payments securely and easily using BHIM UPI, according to an NIPL announcement in April 2022. NEOPAY terminals are the payment division of Mashreq bank.

A similar agreement was made by NIPL and Liquid Group, a provider of cross-border digital payments, to enable the acceptance of QR-based UPI payments in ten nations throughout north and southeast Asia, including Malaysia, Thailand, the Philippines, Vietnam, Singapore, Cambodia, Hong Kong, Taiwan, South Korea, and

In August 2022, the United Kingdom and India announced that they will work together on QR code-based transactions. To do this, NIPL partnered with UK-based PayXpert, a supplier of payment solutions, to create a seamless payment solutions platform. In accordance with the contract, PayXpert promised to make the Indian payment solutions accessible for in-store payments on all of its Android point-of-sale (POS) devices in the UK. This would incorporate the potential of RuPay card payments down the road as well as QR code payments based on UPI.

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