Indians Living Abroad Can Now Use UPI for Transfers, Payments
National Payments Corporation of India has shared that Indians living in 10 countries can now transact using the Unified Payments Interface (UPI) with their international numbers. These countries include Canada, the UK, the US, Australia, and Hong Kong, among others. This will allow Non Resident Indians (NRIs) to easily send money to India.
With the latest update shared by the National Payments Corporation, Indians living in Australia, Canada, Hong Kong, Oman, Qatar, Singapore, Saudi Arabia, UAE, the UK, and the US will be able to use Unified Payments Interface (UPI). This will allow NRIs to use UPI services and send money to India, without having to depend on their Indian number.
NRIs who have Non Resident External (NRE) or Non Resident Ordinary (NRO) accounts can use UPI with their international mobile numbers. They can send money to India and also manage their income earned in India. Partner banks have been given till April 30 to comply with the new regulation. The move was part of a Rs. 2,600 crore scheme for promoting low-value BHIM-UPI transactions and RuPay debit cards.
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