A fresh circular from the RBI governing UPI payments was released, and the decision took immediate effect.

 A fresh circular from the RBI governing UPI payments was released, and the decision took immediate effect.

The G-20 is a platform for both industrialised and developing nations. Passengers from these nations will initially have access to UPI.


The RBI released a circular on Friday allowing visitors from G-20 nations to utilise mobile-based UPI while they are in India. Additionally, it stated that foreign nationals or NRIs visiting India may receive full KYC PPIs in Indian Rupees from banks or non-banks that are authorised to issue prepaid payment instruments (PPIs). These PPIs may also be distributed in conjunction with companies that are FEMA-approved foreign exchange dealers.

The circular states that UPI-linked wallets may be used to issue PPIs. It can only be used to make payments to merchants (P2M). With immediate effect, these directives are now in effect. Initial statements from the central bank indicated that travellers from G-20 nations travelling at specific airports would have access to the facility. It will eventually be expanded to all points of entrance into the nation.


After passport and visa verification, PPIs will be issued.

According to the RBI, PPIs will only be granted to passengers from G-20 nations once their passports and visas have been physically verified. Travelers from G-20 nations may redeem their remaining PPI balance in foreign currency or transfer it "back to source" after spending it.
They will feel at ease initially.

The G-20 is a platform for both industrialised and developing nations. Passengers from these nations will initially have access to UPI. Argentina, Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the European Union are among these nations.

UPI payments climbed to Rs 13 lakh crore.

Foreigners and non-resident Indians (NRIs) are now permitted to use it, according to a statement made by the RBI on Wednesday. In January, payments made through UPI rose by 1.3 percent month over month to a total of around Rs 13 lakh crore.