Key Points
Google India Digital Services and NPCI International Payments Ltd (NIPL) have signed an agreement that will help expand UPI payments to countries outside India...
The memorandum of understanding (MoU) will enable Indian travellers to make payments in other countries via Google Pay (also known as GPay), eliminating the need to carry cash or resort to international payment gateways...
First, it seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad..
This strategic partnership will not only simplify foreign transactions for Indian travellers but will also allow us to extend our knowledge and expertise of operating a successful digital payments ecosystem to other countries, said Ritesh Shukla, CEO, NIPL...
The MoU will strengthen UPIs global presence, providing foreign merchants access to Indian customers who will no longer have to rely only on foreign currency and/or, credit or forex cards for making digital payments and will have the option of using UPI powered apps from India including Google Pay..
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