RBI issues circular allowing travellers from G20 nations to use UPI in India

The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India.

UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments under a common platform. On Wednesday, the RBI had made an announcement regarding allowing access to UPI to foreign nationals and NRIs visiting India.

To start with, it had said the facility will be extended to travellers from the G20 countries at select international airports for their merchant payments (P2M) while they are in the country. Later, it will be enabled across all entry points in the country.