In addition to online purchases, UPI and Google Pay (G Pay) have seen a sharp rise in popularity in recent years. The majority of individuals believe it is proper to use these methods of payment rather than cash. This information may be helpful to you if you or someone you know has a foreign residence. Yes, very soon NRIs from ten different countries will be able to transmit money through UPI.
Facilities will be accessible in these ten nations
The National Payments Corporation of India (NPCI) has discussed offering the ability to send money from NRE / NRO (NRE / NRO) accounts in 10 different countries, including the United States, Canada, and the United Arab Emirates. Somewhere According to a circular from NPCI, requests have been made to permit Indians living abroad to utilize international mobile phones for UPI transactions.
Time until April 30th to complete the system
As a result, the NPCI has requested that the UPI service providers complete the system by April 30. Such NIIs would be able to send money via UPI from an international mobile number if they have NRE or NRO accounts. Expats from the following ten nations will initially have access to this service: Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, UAE, and the United Kingdom.
People of Indian origin (PIOs) and non-resident Indians (NRIs) can open NRE bank accounts here. Anyone living outside of India is eligible to use an NRO account to conduct transactions in rupees. The UPI platform’s operator, NPCI, stated that it will initially support transactions from mobile numbers with 10 different country codes. This facility will soon be made available to additional nations.
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