New Prepare for NABARD 2025 exam - Based on last 4 year trend. March 5 at 5 PM. Register here

    Question

    As of February 2024, in which of the following foreign

    countries, an Indian traveller cannot pay for local purchases through UPI?
    A Germany Correct Answer Incorrect Answer
    B Sri Lanka Correct Answer Incorrect Answer
    C UAE Correct Answer Incorrect Answer
    D Singapore Correct Answer Incorrect Answer
    E Can pay in all of the above Correct Answer Incorrect Answer

    Solution

    Unified Payment Interface (UPI) is a mobile-first payment system developed in India by the National Payments Corporation of India (NPCI). It makes it easy to send and receive by just scanning a QR code or using a user’s phone number. Right now, UPI is available in seven countries: Sri Lanka, Mauritius, France, UAE, Singapore, Bhutan and Nepal Bhutan, Nepal, Mauritius, Singapore, and UAE also allow use of RuPay credit/debit card to make payments in these countries. Furthermore, India launched UPI One World, which is a Prepaid payment instrument linked to UPI provided to foreign nationals/ NRIs (inbound travellers) coming from G20 countries. The PPI on UPI wallet can be used for merchant transactions across the country.

    Practice Next

    Relevant for Exams: