- Non-Resident Indians in ten countries can use UPI to conduct transactions.
- Payments Corporation has given partner banks until the 30th of April to comply.
- Indian PM cabinet committee authorised Rs. 2,600 crore initiative to promote RuPay debit cards.
Indians in other countries will soon be able to use their foreign mobile numbers to access the Unified Payments Interface (UPI).
Non-Resident Indians (NRIs) in ten countries can use UPI to conduct transactions without relying on their Indian phone number.
Singapore, the United States, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and the United Kingdom are among them.
Accounts such as NRE/NRO (Non-Resident External and Non-Resident Ordinary) with foreign mobile numbers can use UPI, according to the National Payments Corporation of India.
The Payments Corporation has given partner banks until the 30th of April to comply with the instructions.
An NRE account assists NRIs in transferring foreign earnings to India, whilst an NRO account assists them in managing revenue earned in India.
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