UPI Cross-Border Payments

byPaytm Editorial TeamLast Updated: September 16, 2025

Definition

UPI cross-border payments allow international transactions using the UPI system, enabling Non-Resident Indians (NRIs) or international customers to pay in their local currency.

Examples

  • NRIs sending money to family in India via UPI.
  • International online shoppers paying Indian merchants.

Importance

  • Expands UPI’s reach globally.
  • Simplifies currency conversion for cross-border transfers.
  • Supports seamless international transactions.

You May Also Like

Mid CapOctober 21, 2025

Meaning Mid Cap refers to companies positioned between large and small corporations in terms of market value.Definition and…

Samagra Shiksha AbhiyanNovember 3, 2025

Meaning This national program integrates three pre-existing schemes for a holistic approach to school education. It ensures inclusive,…

AIF (Alternate Investment Fund)November 6, 2025

Meaning AIFs are privately pooled investment vehicles, differing from traditional investments like mutual funds.Definition AIF stands for Alternate…

Voice-Based TransactionsLast Updated: September 10, 2025

Definition Voice-Based Transactions are financial operations carried out using voice commands on mobile apps or smart devices. Usage…

Tax Residency StatusOctober 20, 2025

Meaning and Definition Understanding your tax residency status is crucial for complying with tax laws and managing your…