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2023

Reserve Bank of India and National Payments Corporation of India launch UPI One World for foreigners at G20 Bengaluru with Transcorp's @trans Handle

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Bengaluru (Karnataka) [India], February 24 (ANI/BusinessWire India): RBI's Deputy Governor (Rabi Sankar), Chief General Manager (P. Vasudevan), Nandan Nilekani and NPCI's MD & CEO (Dilip Asbe) have launched 'UPI One World' for foreign nationals visiting India. The launch was conducted at the JW Marriott, Prestige Golfshire Resort in Bengaluru which is hosting the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the G20 Indian Presidency. Transcorp is one of four entities permitted by RBI and NPCI to issue UPI One World to foreign nationals; and the only entity with both Foreign Exchange (AD2) and Payments (PPI) licenses required to exchange currency and thereafter issue UPI One World wallets. Gerardo Zuniga (Director of International Affairs, Bank of Mexico) was issued a UPI One World wallet and successfully transacted using Transcorp's '@trans' handle.














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