Issuance Of PPI To Foreign Nationals/ Non-Resident Indians (NRIS) Visiting India

The Reserve Bank of India vide its notification[1] dated February 10^th, 2023 with reference to the announcement made earlier in the statement of developmental and regulatory policies dated February 8^th, 2023 has permitted travelers from G-20 nations to use the mobile-based Unified Payments Interface (UPI) for merchant payments while in India.  

Initially, the facility will be available at selected international airports for travellers from G-20 countries and will later be enabled across all entry points in the country. 

Banks and non-banks that are permitted to issue prepaid payment instruments (PPIs) can issue full KYC PPIs to foreign nationals and NRIs visiting India. Such PPIs can be issued in a co-branding arrangement with the entities authorised to deal in foreign exchange under FEMA. 

[1]https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12452&Mode=0