RBI vide its Circular dated 10th February, 2023 issued a Circular regarding the issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India.
This has a reference to the Statement on Developmental and Regulatory Policies dated February 08, 2023.
Further, it has been decided to allow access to Unified Payments Interface (UPI) to foreign nationals and NRIs visiting India, this facility will be extended to to travellers from the G-20 countries at select international airports for their merchant payments (P2M) while they are in the country. Going forward, this will be enabled across all entry points in the country.
The Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (updated as on November 12, 2021) has been updated by inserting paragraph 10.3 which provides PPIs to Foreign Nationals /Non-Resident Indians (NRIs) visiting India.
This Circular is applicable to all Prepaid Payment Instrument (PPI), Issuers (Banks and Non-banks) and National Payments Corporation of India (NPCI) and shall come into force with immediate effect.
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