RBI Permits Use of Mobile-Based UPI Payments for Travellers From G20 Nations

RBI Permits Use of Mobile-Based UPI Payments for Travellers From G20 Nations

The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India. UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments…