The Indian government is actively promoting the expansion of its digital payment systems, such as UPI, to enable convenient cross- border transactions with the aim of reducing the cost of fund transfers and remittance payments.
On Friday, PM Narendra Modi said that India's most successful payments system UPI will be used in France. Modi said very soon Indian tourists will be able to make rupee payments using UPI from atop the Eiffel Tower.
France
Bhutan became the first country outside of India to enable UPI transactions through the BHIM app, while the launch of 'UPI One World' aimed to facilitate UPI payments for foreign visitors in India.
Bhutan
In October 2022, Oman also joined hands with NPCI to link UPI to its payment system. A formal agreement in this regard was signed between the NPCI and the Central Bank of Oman (CBO) in November.
Oman
In April 2022, NIPL announced that BHIM UPI was made live at NEOPAY terminals, the payment subsidiary of Mashreq bank, across the UAE, which aimed at empowering millions of Indians who travel to the UAE to safely and conveniently make payments Boousing BHIM UPI.
UAE
NIPL signed a deal with Liquid Group, which is the cross-border digital payments provider, to enable QR-based UPI payments' acceptance in 10 countries across north and southeast Asia, including Malaysia, Thailand, Philippines, Vietnam, Singapore, Cambodia, Hong Kong, Taiwan, South Korea, and Japan.
Southeast Asia
In August 2022, the United Kingdom and India announced their collaboration on QR code- based transactions. NIPL partnered with PayXpert, a payments solutions provider, to develop a unified payment solutions platform in the UK.
United Kingdom
Worldline partnered with NIPL in October 2022 to enhance the acceptance of Indian payment methods throughout Europe using Worldline QR, initially targeting BENELUX (Belgium, the Netherlands, Luxembourg) and Switzerland, with plans for further expansion.
Europe
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