Highlights

Member banks to ensure that such accounts adhere to FEMA (Foreign exchange management act) regulations
For now, UPI transactions will be allowed from 10 countries

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Indians living abroad can make UPI payments

Name: Indians living abroad can make UPI payments
Uploaded: 2023-01-11T18:30:42.000+05:30
Duration: T00M39S
Channel: Editorji News Desk
Description: Indians living in certain countries who have an NRE / NRO account, will soon be able to make UPI payments.

Indians living in certain countries who have an NRE / NRO account, will soon be able to make UPI payments.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Indians living abroad can make UPI payments

If you're an Indian living abroad, you will soon be able to use the UPI payments system to make transactions. The NPCI (National payments corporation of India) has now allowed Indians living in as many as 10 countries to get onto the UPI platform.

To begin with, Indians living in Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, UAE, and UK will be able to transact using UPI.

However, the member banks will have to ensure that these accounts strictly adhere to FEMA rules and any guidelines that may be issued by the RBI.

NPCI has asked all the member banks to ensure that this is implemented by the 30th of April.