TBM Staff - Mumbai Travelling in India just became easier for foreign visitors with the introduction of UPI One World, a digital wallet designed to enhance convenience and security. This innovative payment solution allows tourists from any country to explore India without the need for cash or complex foreign exchange transactions.
Initially launched during last year’s G20 summit hosted by India, the UPI One World wallet is now accessible to visitors from a broader range of countries. Tourists can use the app to make payments at merchant locations by simply scanning QR codes, ensuring a hassle-free experience. Unused balances can be transferred back to the original payment source in accordance with foreign exchange regulations, thanks to the collaborative efforts of NPCI (National Payments Corporation of India), IDFC First Bank, and Transcorp International Limited, under the guidance of the Reserve Bank of India.
Available through authorised PPI issuers at airports, hotels, designated money exchange locations, and other key touchpoints, the UPI One World wallet requires a full KYC process based on a passport and valid visa. Special arrangements are also being made to provide these wallets at Bharat Mandapam in New Delhi, the venue for the World Heritage Committee meeting, benefiting the delegates. Once issued, the wallet can be loaded with cash or through other payment methods.
Foreign visitors no longer need to carry cash or worry about foreign exchange issues. The UPI One World app facilitates easy payments at shops and restaurants via QR code scanning. This service, previously limited to G20 countries, is now open to all international travelers visiting India.
Delegates attending the World Heritage Committee meeting in New Delhi from July 21-31, 2024, can also utilize UPI One World, with special provisions in place for wallet acquisition at the venue.
The UPI One World wallet, available from authorized providers at airports, hotels, and money exchange locations, follows a secure verification process to ensure user peace of mind. Tourists can load the wallet with cash or other payment methods, and transfer any remaining funds back to the original payment source upon departure from India, following foreign exchange regulations.
This initiative aims to streamline travel in India for international visitors, offering the convenience and security of UPI, India’s renowned digital payment system. Tourists can now focus on enjoying their trip without the concerns of managing cash or currency exchange.
