RBI Grade BNABARD ESISEBI
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Source: TH
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Context:
The National Payments Corporation of India (NPCI) has extended UPI One World wallet services to international visitors attending the India AI Impact Summit 2026 (Feb 16–20, New Delhi).
This is a pilot initiative to facilitate seamless digital payments for foreign travellers.
What is UPI One World?
- A prepaid UPI-based wallet designed for foreign visitors to India.
- Enables real-time digital payments without requiring an Indian bank account.
- Allows Person-to-Merchant (P2M) transactions across UPI-enabled merchants.
Key Features of the Initiative
- Available to visitors from 40+ countries.
- Enables secure and real-time payments via UPI.
- Designed for short-term use during travel.
- Operates through authorised issuing partners in India.
Purpose of the Pilot
- Improve convenience for international visitors.
- Showcase India’s digital payment ecosystem at a global event.
- Promote adoption of UPI for cross-border users.
- Support seamless spending in India without currency exchange hassles.
