UPI for NRIs with International Mobile Numbers: Benefits and Convenience Explained

The article on "Economic Times" discusses how non-resident Indians (NRIs) can use UPI with their international mobile numbers and the benefits that come with it.

The piece explains that UPI, or Unified Payment Interface, is a digital payment system that enables users to send and receive money instantly. Previously, NRIs were required to link their UPI accounts with Indian mobile numbers to use the platform. However, now, they can link their accounts with international mobile numbers and use UPI with ease.

The article lists some benefits of this new feature, such as NRIs no longer having to depend on Indian mobile numbers, which could be inconvenient and unreliable, and being able to easily conduct transactions from anywhere in the world.

Overall, the article provides a clear and informative explanation of the benefits of UPI for NRIs with international mobile numbers.

UPI is a digital payment system developed by the National Payments Corporation of India (NPCI) that allows users to send and receive money using a virtual payment address (VPA) or a mobile number linked to their bank account. It has gained popularity in India due to its simplicity and ease of use, with over 200 banks currently supporting the platform.

Previously, NRIs were required to link their UPI accounts with Indian mobile numbers, which could be challenging for those living abroad. However, with the recent update, NRIs can now link their accounts with international mobile numbers and enjoy the benefits of the platform from anywhere in the world.

The benefits of UPI for NRIs with international mobile numbers include increased convenience, as they no longer have to rely on Indian mobile numbers to conduct transactions. It also eliminates the need to maintain a separate Indian phone number, which could be costly and time-consuming.

In addition, using UPI with an international mobile number allows NRIs to conduct transactions from anywhere in the world, making it a more accessible payment method. This is especially useful for those who frequently travel between countries or who reside in different countries but still need to conduct financial transactions in India.

Overall, the updated UPI feature provides NRIs with a more convenient and accessible payment method that is tailored to their needs, making it easier for them to conduct transactions with their Indian bank accounts.

To use UPI with an international mobile number, NRIs will need to ensure that their bank supports this feature. They will also need to link their bank account with their international mobile number by following the standard UPI registration process.

Once registered, NRIs can use UPI to conduct a variety of transactions, including sending and receiving money, paying bills, and purchasing goods and services online. UPI also offers additional features such as UPI QR code payments, which allow users to scan a code to make a payment, and UPI mandate, which enables users to authorize recurring payments.

One of the significant benefits of using UPI with an international mobile number is that NRIs will not have to worry about expensive international roaming charges, as they can access UPI from anywhere in the world with an internet connection. This can make it easier for NRIs to manage their finances, especially during emergencies or while traveling abroad.

Another advantage of using UPI for NRIs is that it provides a secure payment platform that uses encryption to protect user data. UPI also offers two-factor authentication to ensure that transactions are authorized by the user, adding an extra layer of security.

Overall, UPI for NRIs with international mobile numbers is a convenient, secure, and accessible payment platform that offers several benefits. It enables NRIs to manage their finances with ease, from anywhere in the world, and eliminates the need for a separate Indian mobile number, making it a cost-effective option for NRIs.

In conclusion, UPI for NRIs with international mobile numbers is a significant update that offers several benefits. NRIs can now link their UPI accounts with international mobile numbers and use the platform with ease, eliminating the need to rely on Indian mobile numbers, which can be inconvenient and unreliable. This update also makes it easier for NRIs to conduct transactions from anywhere in the world, making UPI a more accessible payment method for those who frequently travel or reside in different countries.

Overall, UPI is a convenient and secure payment platform that has gained popularity in India due to its simplicity and ease of use. With the recent update, NRIs can now enjoy the benefits of UPI with their international mobile numbers, making it a more cost-effective and accessible option for managing their finances.

New UPI Feature Allows NRIs to Use International Mobile Numbers for Convenient Transactions