UPI Payments: Now foreign tourists will be able to get the facility of online payment through UPI payment in India and today it has become clear from the big announcement of RBI. Know which conditions will apply.
UPI Payments: Today, the Reserve Bank of India has increased the repo rate in the results of its Monetary Policy Committee ie MPC meeting. The repo rate has been increased by 0.25 percent, due to which now your loans are going to be more expensive. Apart from these announcements, RBI Governor Shaktikanta Das has given information about some other decisions which would have affected the lives of common people.
Tourists from G-20 countries will get this facility first.
The RBI Governor said in his speech today that it is now proposed to allow all incoming passengers in the country to use UPI payment for their business payments during their stay here. To begin with, we are going to start providing this UPI facility for merchant payments at select airports to passengers coming from G-20 countries.
MPC meeting started on Monday
The meeting of the Monetary Policy Committee of the Reserve Bank was held on Monday, February 6, and today, on February 8, its decisions have been announced. This is the last credit policy for the financial year 2022-23 and happened immediately after the budget. RBI Governor said that there is sufficient liquidity in the banking system and RBI is keeping a close watch on it in the country.
How to get money transfer facility through UPI
Unified Payment Interface (UPI) is that financial system through which instant payment can be made. With the help of UPI, two parties can transfer money to each other on a mobile platform. Financial transactions can also be done between two parties, person to person or person to merchant. To link a bank account to any UPI, it is necessary that your bank has UPI facility and having a UPI application on your phone makes the task even easier.
