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RBI allows UPI-based transactions for inbound travellers to India

Published on February 22, 2023
Current Context: RBI has announced that all inbound travellers visiting India can make local payments via UPI during their stay in India. This facility is first introduced for travellers from G20 countries arriving at select international airport.
RBI allows UPI-based transactions for inbound travellers to India
  • UPI is a digital payment system that enables instant and secure transactions through mobile phones. The facility was announced by the RBI on February 8, 2023 and implemented on February 22, 2023. 
  • Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets.
Some of the benefits of using UPI for inbound travellers are:
    • UPI provides a secure and seamless payment experience.
    • UPI showcases the significant progress that India has made in technology to people across the world.
    • UPI can be used at over five crore merchant outlets across India that accept QR Code-based UPI payments.
    • UPI eliminates the need for currency conversion or carrying cash.
    • You can read more details about these benefits from the web links provided.

Question:

Q.1 When did RBI announce this facility?
a. February 8, 2023
b. February 21, 2023
c. February 22, 2023
d. February 23, 2023
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