Today, UPI is being used everywhere. This is the best way for online payment. It could still be used anywhere in India. But now it can also be used outside the country. Let us tell you that till now this service was made available in India only. But now soon users travelling abroad will also be given access to UPI ID. Through this, users will be able to pay anywhere. This information has been received from two bankers.
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In his statement, a senior banker said that UPI payments will be enabled in UAE and Singapore. RuPay cards are already being used here. With this facility enabled, Indian users going to these two countries will get the facility of UPI payment. However, no official statement has been made by NPCI at the moment.
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UPI is giving a tough challenge to card payments in the Indian market. It has emerged as an easy option for users. Let me tell you that most of the merchants are doing UPI Expect. In September, 95.5 crore transactions have been given through UPI. In such a situation, it can be said that if UPI will be expanded in the global market, then it will also expand in the Indian market, which will increase the UPI transaction.
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Know what is UPI
The Unified Payments Interface is an inter-bank fund transfer mechanism. It can be controlled by NPCI. Through this, you can pay anyone from your smartphone. Now soon after India, users will be able to use this service outside India as well.