India's Unified Payments Interface (UPI) is expanding its reach globally, facilitating cross-border payments in countries including Singapore, UAE, Nepal, Bhutan, France, Oman, Sri Lanka, Australia, and the UK. Managed by the National Payments Corporation of India (NPCI), UPI is integrating with local payment systems to offer real-time, low-cost transactions for Indian travelers, expatriates, and businesses. The expansion, led by NPCI International Payments Limited (NIPL), aims to enhance financial inclusion and streamline remittances, particularly benefiting the Indian diaspora and outbound tourists. UPI's open architecture and cost-effective model are key drivers of its international adoption, reshaping global digital finance by promoting real-time, borderless transactions.
India's UPI Expands to Enable Cross-Border Payments in Multiple Countries
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