The National Payments Corporation of India (NPCI) has launched the UPI One World Wallet for international travelers visiting India. This wallet enables UPI payments without the need for an Indian SIM card or bank account. Based on Prepaid Payment Instrument (PPI) technology, it allows for easy money transfer and aims to enhance the global digital payments ecosystem.
Highlights:
- Launched by NPCI for international travelers.
- Facilitates UPI payments without an Indian SIM or bank account.
- Based on Prepaid Payment Instrument (PPI) technology.
- Aims to strengthen the global digital payments ecosystem.
What is UPI One World Wallet?
UPI One World Wallet simplifies digital payments in India for international travelers. This wallet is based on Prepaid Payment Instrument (PPI) technology, allowing users to make UPI payments without needing an Indian SIM card or bank account.
Benefits of UPI One World Wallet
Below are some benefits of UPI One World Wallet-
| Benefit | Description |
|---|---|
| Ease of Use | Enables UPI payments without needing an Indian SIM card or bank account. |
| No Fees | No transaction or onboarding fees, making it cost-effective. |
| Secure Transactions | Provides a secure digital payment method for international travelers. |
| Convenient Money Transfer | Allows transfer of any unused balance back to the original payment source. |
| Global Reach | Available through NPCI partners like IDFC First Bank and Transcorp. |
| Multiple Loading Options | Money can be loaded using credit/debit cards or at select forex counters. |
Digital Payment Convenience
This Wallet allows travelers to make digital payments in India by scanning QR codes. This service is particularly useful for travelers who want to avoid the hassle of carrying cash and dealing with foreign exchange.
Security and Reliability
This wallet is launched in collaboration with NPCI, IDFC First Bank, and Transcorp International Limited, ensuring a secure and reliable service for users.
Availability
The service is available at airports, hotels, and selected money exchange locations. Users can complete the KYC process with their passport and valid visa to access the service.
In short-
- Money Transfer Facility: Users can transfer any unused balance back to the original payment source.
- Free Service: No transaction or onboarding fees.
- Security: Provides a secure and convenient experience for users.
How to load money in UPI One World Wallet? Step-by-Step Guide
Money can be loaded into this UPI Wallet using a credit or debit card. Additionally, funds can be exchanged at select counters with the help of forex experts. Here are some steps to add money in UPI One World Wallet-
Step 1: Obtain the Wallet
- Visit an authorized location such as airports, hotels, or select money exchange counters.
- Complete the KYC process using your passport, visa, and international phone number.
Step 2: Choose a Loading Method
- Credit/Debit Card: Use your international credit or debit card to load money.
- Cash Exchange: Visit authorized forex counters to exchange foreign currency and load money into the wallet.
Step 3: Load Money via Credit/Debit Card
- Open the UPI One World Wallet app.
- Select the option to load money.
- Enter the amount and provide your credit or debit card details.
- Confirm the transaction to load the specified amount into your wallet.
Step 4: Load Money via Forex Counter
- Visit an authorized forex counter.
- Provide the amount of foreign currency you wish to exchange.
- Follow the forex expert’s guidance to load the equivalent amount into your wallet.
Step 5: Verify the Balance
- Check your wallet balance in the app to ensure the funds have been successfully loaded.
Step 6: Use the Wallet
- Start using your UPI One World Wallet for transactions by scanning QR codes at merchant locations.
Loading Methods
| Method | Steps |
|---|---|
| Credit/Debit Card | Enter card details and confirm the amount |
| Cash Exchange | Visit forex counter and exchange cash |
Future of UPI One World Wallet
Global Expansion
The goal of this World Wallet is to create a more connected global digital payments ecosystem for international travelers. NPCI is working to make this service available in more countries.
Enhanced Features
In the future, NPCI plans to add more features to the One World UPI Wallet to provide an even better user experience.
FAQ
What is UPI One World Wallet?
UPI One World Wallet is a prepaid digital wallet that enables international travelers to make UPI payments in India without needing an Indian SIM card or bank account.
How to get One World UPI Wallet?
Travelers can obtain this World Wallet (UPI) at airports, hotels, and selected money exchange locations by completing the KYC process with their passports and valid visas.
Is One World UPI Wallet safe to use?
Yes, One World UPI Wallet provides a secure and reliable service launched in collaboration with NPCI, IDFC First Bank, and Transcorp International Limited.
How to load money into One World UPI Wallet?
Money can be loaded into this One World UPI Wallet using a credit or debit card. Additionally, funds can be exchanged at select counters with the help of forex experts.
Can I load money with multiple cards in UPI One World Wallet?
Yes, you can use different credit or debit cards to load money into your wallet.
Is there a limit on how much I can load in UPI One World Wallet?
Check the app or with the service provider for specific limits on loading amounts.
Can I transfer the unused money back from UPI One World Wallet to my Bank Account?
Yes, any unused balance can be transferred back to the original payment source.
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