NRIs living in at least 10 countries can use UPI using their international mobile numbers for Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank accounts. NRIs can use UPI in countries like Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates, and the United Kingdom. Get more Technology News and Business News on Zee Business.
In a milestone movement, India and France have agreed to use Unified Payments Interface (UPI) in the European nation. Watch this Visual Story to take a look at all the other countries where India s UPI system has been adopted.
The solution, named Turbo UPI, is expected reduce the scope of non-technical errors that can lead to drop-offs, as the customer would not have to leave the merchant’s mobile app.
The annual report for 2022-23 says RBI is looking to expand the ongoing pilots in CBDC, retail and wholesale, to more locations and incorporate various use cases and features in the current fiscal year.