RESERVE BANK OF INDIA
All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks)
and National Payments Corporation of India (NPCI)
Madam / Dear Sir,
Issuance of PPIs to Foreign Nationals/Non-Resident Indians (NRIs) visiting India.
As announced in the Statement on Developmental and Regulatory Policies dated February 08, 2023, it has been decided to allow access to Unified Payments Interface (UPI) to foreign nationals and NRIs visiting India. To start with, this facility will be extended to travelers from the G-20 countries at select international airports for their merchant payments (P2M) while they are in the country. Going forward, this will be enabled across all entry points in the country. The Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (updated as on November 12, 2021) has been updated by inserting paragraph 10.3 therein.
2. These instructions shall come into effect immediately.
3. This circular is issued under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Chief General Manager
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