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MoS Dr Bhagwat Karad says; over 9,338 crore UPI transactions in volume worth 1,43,47,779 crore rupees took place during first 9 months of the current fiscal

Last Updated: Feb 05, 2024


The Minister of State for Finance Dr Bhagwat Karad today informed Lok Sabha that over 9,338 crore Unified Payment Interface (UPI) transactions in volume worth  1,43,47,779 crore rupees took place during the first nine months of the current fiscal. In a written reply, he said a total of 386 UPI transactions were conducted in foreign countries in 2022. The Minister said the RBI has allowed access to UPI to foreign nationals and Non-resident Indians visiting India by enabling them to make payments using UPI while they are in India.

Dr Karad said this facility has been extended to travelers from G-20 countries at select international airports for their merchant payments. Further, a provision has also been made by RBI to provide UPI access to NRIs who have international mobile numbers linked to their Non-Resident External and Non-Resident Ordinary accounts.

He said National Payments Corporation of India has informed that the said facility is presently allowed to Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, United Arab Emirates, United Kingdom and the USA.

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