White Paper

Indians can now easily conduct transactions across seven countries using the Unified Payments Interface (UPI). Following its initial success in Sri Lanka and Mauritius, UPI payments are now also available in France, UAE, Singapore, Bhutan, and Nepal. MyGovIndia recently released a world map showcasing these countries where Indian citizens can effortlessly make payments via UPI.

UPI provides connectivity for over 300 banks, enabling seamless financial transactions through third-party application providers (TPAPs) like Google Pay, Amazon Pay, PhonePe, and Paytm, in partnership with banks.

Key Takeaways:

• Economic benefits of UPI
• Social benefits of UPI
• Challenges and considerations