Saurav Gupta
The UPI, a real-time payment system pioneered by NPCI, has transcended its origins within India and is now being adopted by several countries globally. The list includes:
France has made history by becoming the first European country to adopt India's UPI service.
Bhutan is set to make history as the first nation to adopt UPI standards for its QR deployment.
Oman implemented UPI platform in 2022, to streamline digital remittances and to provide a significant advantage to Indian workers and professionals.
UPI gains ground in the UAE as PhonePe facilitates seamless international payments.
NIPL in Southeast Asia collaborates with Liquid Group, enabling QR-based UPI payments in 10 countries across North and Southeast Asia.
On February 21, India and Singapore launched a real-time linkage between UPI and PayNow, facilitating instant and cost-effective cross-border fund transfers.