The Unified Payments Interface (UPI) has transformed India’s payment ecosystem and benefits Non-Resident Indians. NRIs can easily handle financial transactions with UPI such as mobile recharges and online shopping in India. This innovative system bridges distances and enables NRIs to manage their Indian financial concerns securely and effectively. With the help of UPI, you can even grab cheap flights to India from Canada through TripBeam.
The UPI network is a SIM binding system which was previously available for Indian SIM card phones. The following are the reasons why providing UPI for NRIs is considered a significant step:
Listed below are some of the advantages of introducing UPI for NRIs:
Follow the steps outlined below to make a UPI payment as an NRI:
Step 1:– Make sure you have an NRO or NRE account with an Indian bank that supports UPI transactions.
Step 2:– Register your overseas mobile number with your bank account. It is essential because UPI apps use mobile numbers for verification.
Step 3:– Several Indian banking apps and third-party platforms like Google Pay, PhonePe, and Paytm support UPI transactions.
Step 4:– Download and install your selected UPI app on your smartphone. During setup, verify your mobile number. If you’re living abroad, check if the app allows verification with your foreign number. If not, you might need to use an Indian number temporarily for setup.
Step 5:– Link your NRO/NRE account to the UPI app. It usually involves selecting your bank from a list and letting the app automatically retrieve your account details using your registered mobile number.
Step 6:– Set a UPI Personal Identification Number for transactions. It typically involves entering a one-time password sent to your registered mobile number and then creating a UPI PIN.
Step 7:– Once setup is complete, you can start using UPI for payments and transfers. You can transfer funds to other UPI users, pay bills, or make online purchases.
The NPCI has announced that NRIs can now use UPI transactions through mobile numbers with the country codes of ten specified nations. Here’s how this new UPI service will work for NRIs:
The new UPI facility for NRIs supports countries including Hong Kong, Canada, Australia, UAE, Singapore, UK, Saudi Arabia, Oman, USA, Qatar, Germany, Malaysia, Netherlands, France, South Africa, and New Zealand.
The introduction of UPI has eased how NRIs manage their financial obligations in India. As the platform matures, it is planned to provide even more specialized services to the NRI community, improving their ability to remain financially connected to their home country.
Lastly, while booking your last minute flights from Canada to India, use the UPI app and make your payment without any hassle.
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