The Reserve Bank of India (RBI) has announced a facility to enable international travellers to make local payments using the Unified Payments Interface (UPI) while they are in India.7 Initially, the facility will be extended to travellers from G-20 countries (such as Italy, Japan, Mexico, Germany, US, and UK) arriving at select international airports.
These include Bengaluru, Mumbai, and New Delhi. Eligible travellers would be issued prepaid payment instruments (PPI) wallets linked to UPI for making payments. Delegates from G20 countries can also avail this facility at various meeting venues. UPI linked wallets will initially be issued by certain banks such as ICICI Bank, IDFC First Bank and two non-bank PPI issuers, Pine Labs Private Limited and Transcorp International Limited. Real time payments linkage between UPI and PayNow (Singapore’s fund transfer service) was also launched. 8 UPI PayNow is an instant cross border person-toperson payment facility.
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