UPI paving the way for seamless digital payment experience for foreign travelers
India’s emerging fintech landscape has been a game-changer for the way people transact in the country. With the increased use of digital payments, the country has graciously welcomed the wave of UPI (Unified Payments Interface), becoming a global leader in instant payments. Recent facts state – that India alone accounted for 40 per cent of the total digital transactions globally in 2021, paving the way for a cashless economy.
Having said that, India being culturally diversified is recognised for its rich heritage that attracts millions of tourists every year and serves as a catalyst for the booming economy.