UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unified Payments Interface (UPI) system and make payments using it. The initiative was launched by NPCI in collaboration with IDFC First Bank and Transcorp International Limited under the guidance of the Reserve Bank of India (RBI).
NPCI said that travellers visiting India will be able to make secure digital payments and transact with merchants and vendors across the country with the UPI One World wallet. The service will allow travellers to eliminate the need to carry large amounts of cash or face the hassle of multiple foreign exchange transactions.