Source: ET
Why in News?
NPCI expanded the “UPI One World” wallet service for foreign delegates from over 40 countries attending the India AI Impact Summit 2026, along with launching AI-driven payment innovations.
What is UPI One World Wallet?
A special digital payment facility for foreign visitors that allows them to make UPI payments in India without needing:
- An Indian bank account
- An Indian mobile number
Enables seamless digital payments for international travellers.
Key Features
- Designed for short-term foreign visitors.
- Supports QR-based UPI transactions.
- Promotes cashless payments and tourism convenience.
Other Major Launches
Finance Model for India (FiMI)
- AI-based small language model developed by NPCI.
- Designed to handle:
- UPI dispute resolution
- Customer support queries
- Regulatory guidance
- Ecosystem information
AI-Powered UPI Pilot (NPCI + Razorpay)
- Conversational AI-based payments.
- Users can order food, groceries, and essentials directly within a chat interface.
- Integrated with platforms like:
- Zomato
- Swiggy
- Zepto
Strategic Partnership with Nvidia
- To develop sovereign AI models for India’s payment ecosystem.
- Focus on secure, India-specific AI capabilities.
