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UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.

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India’s UPI Going Global
NPCI’s Circular On 1.1% Fee On UPI Transactions: What It Means For Customers? | OTV News English
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NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.

Objects in Mirror Are Closer Than They Appear
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Looking at the side mirrors of a car or a bike, you may have noticed the phrase 'objects in the mirror are closer than they appear' written on them. This ‘warning’ is a mandatory requirement by the US Federal Motor Vehicle Safety Standards.

Digital Rupee VS Cash VS UPI VS Digital Payments
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You have physical cash, digital payments, UPI. And now there’s digital Rupee or the Central Bank Digital Currency or CBDC. So what’s the difference? Digital rupee will be issue d by RBI & will appear on RBI balance sheet. While normal money in digital form & recorded on commercial bank ledgers.

India’s UPI Going Global
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UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.

NPCI’s Circular On 1.1% Fee On UPI Transactions: What It Means For Customers? | OTV News English
Video Icon

NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.

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