UPI One World Wallet Now Accessible to All International Tourists in India

The 'UPI One World' wallet service is now available to all foreign visitors to India, according to a statement released by the National Payments Corporation of India (NPCI). This service aims to provide a seamless and real-time payment experience, enhancing convenience for international tourists exploring India.

Service Expansion for Special Events

The UPI One World wallet will also be available for delegates attending the World Heritage Committee meeting in New Delhi from July 21-31, 2024.

First introduced during the G20 summit in India last year, the wallet will now cater to visitors from a broader range of countries, making it easier for them to manage their finances while traveling.

Availability and Access

International travelers can obtain the UPI One World wallet at various convenient locations such as airports, hotels, money exchange locations, and other designated points.

To activate the wallet, users must complete a full KYC (Know Your Customer) process using their passport and a valid visa. This ensures secure and authenticated access to the service.

Ease of Use

The UPI One World wallet is designed for simplicity and ease of use. Visitors can load the wallet with cash or through other payment methods. Once loaded, they can make payments by scanning QR codes at merchant locations across India. This eliminates the need for carrying large amounts of cash or dealing with the hassle of foreign currency exchange.

Refundable Balance

One of the key features of the UPI One World wallet is the ability to transfer any unused balance back to the original payment source. This is done in compliance with foreign exchange regulations, ensuring that travelers can easily get refunds for their remaining balance without any complications.

Promoting a Digital Economy

The introduction of the UPI One World wallet simplifies financial transactions for international travelers, aligning with the National Payments Corporation of India (NPCI's) mission to innovate retail payment systems and promote a digital economy in India. The wallet provides a safe, efficient, and user-friendly way for tourists to handle their expenses during their stay.

UPI's Extensive Reach and Reliability

In June 2024, UPI processed nearly 14 billion transactions worth Rs 20.07 trillion (approximately USD 240 billion), showcasing its extensive reach and reliability. This impressive performance highlights UPI's capability to handle large volumes of transactions smoothly and securely, making it a trusted platform for both domestic and international users.

Conclusion

The expansion of the UPI One World wallet to all international travelers visiting India marks a significant step in enhancing the travel experience. By offering a convenient, secure, and efficient payment solution, NPCI is making it easier for tourists to enjoy their time in India without worrying about financial transactions. This move not only supports NPCI's vision of a digital economy but also reinforces India's position as a forward-thinking, traveler-friendly destination.