NPCI has launched the UPI One World wallet for international tourists visiting India, developed in collaboration with IDFC First Bank and Transcorp International under RBI oversight.
Purpose:
This service allows tourists to make digital payments across India without needing physical cash, simplifying transactions and enhancing convenience.
Acquisition and Use:
Tourists can obtain the wallet at airports, hotels, and money exchange spots by completing a KYC process with a valid passport and visa. It supports transactions at various merchants, online platforms, and for services like transportation.
Financial Management:
The wallet is linked to a Prepaid Payment Instrument (PPI), enabling users to track their spending and load funds using debit/credit cards or foreign currency.
End of Visit:
Before departure, tourists are required to encash any remaining balance in the wallet.