How to make international payments using UPI India? www.deekpay.com

National Payments Corporation of India(NCPI) in 2020 inUPIon the launch of a cross-border payment scheme that allows Indian citizens to transfer money overseas.

What is UPI International Payments?

The Board of Directors of the National Payments Corporation of India (NPCI), with the approval of the Reserve Bank of India, has set up the National Payments Corporation of India International Payments Limited (NIPL) to deploy RuPay (Domestic Card Programme) and UPI (UPI) outside India.Unified Payment Interface of IndiaNIPL's RuPay and UPI acceptance network allows Indian citizens to use these payment channels to destination countries.UPI is currently available in six countries/regions including Bhutan, Mauritius, Singapore, Sri Lanka, UAE and France.

How do I activate UPI International?

To use UPI for international payments, users need to activate the feature on their UPI account. Below is a step-by-step guide on how to activate UPI International.

Open the UPI app (e.g. Paytm) and click on Profile. Click on Payment Settings or UPI Settings. Find the UPI International option and click on it. Click the "Activate" button in front of the account you want to activate the feature for. EnterUPI PIN Perform validation.

Recommended Reading:What is a UPI PIN code?

What are the benefits of UPI International Payments?

UPI International Payments Use the UPI app to make transactions abroad seamlessly and instantly in minutes. It is also cost-effective and convenient.

How do I make an international payment using UPI?

Users can follow the steps below to make international payments using UPI:

Open the UPI app and click on the "Scan QR Code" option. Scan the QR code provided by the merchant or associate to conduct the transaction. Enter the foreign currency amount, making sure to use the correct currency unit. Select the bank account for the payment. The payment will be debited from the individual's bank account in Indian rupees, minus the exchange fee charged by the bank. Enter UPIPIN to confirm payment.

Countries/regions that support UPI international payments

Below are the countries/regions that allow Indian citizens to make international payments.

BhutanThailandFrancePhilippinesMauritiusVietnamNepalCambodiaOmanSouth KoreaSri LankaJapanUAETaiwanSingaporeHong Kong

UPI International Transfer Limit

NPCIClear limits have been set for Indian citizens to use UPI for international transactions. Individuals can now transfer up to Rs. 200,000 (approx. $2,500) per transaction.

However, it is important to note that the exact limit may vary depending on the UPI app the user is using, as UPI companies have the right to lower the per-transaction limit if necessary. If a user needs to make a transaction that exceeds the set limit, they may consider a direct bank transfer instead of using UPI.

Banks in India that support UPI international payments

Below is a list of banks that support UPI international payments:

DFC BankIndian BankAxis BankCentral Bank of IndiaICICI BankBank of MaharashtraState Bank of IndiaThe Federal Bank LimitedKotak Mahindra BankIndusInd Bank LimitedPunjab National BankKarur Vysya Bank LimitedBank of BarodaSouth Indian Bank LimitedUnion Bank of IndiaCity Union Bank LimitedCanara BankPunjab and Sind BankBank of IndiaESAF Small Finance Bank Limited

Disclaimer: This blog is intended to make complex processes easier to understand. However, it is important to note that information may be outdated or change over time, or may be updated. As a result, the information provided may vary. We do our best to keep all content up-to-date, but we recommend that you verify the accuracy of the information on the official website.

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