How to Use UPI for International Payments: Save Up to 90% on Bank Fees

Introduction

Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to make instant payments to merchants, individuals, and businesses using their mobile phones. UPI is one of the most popular payment methods in India, and it is now being used for international payments as well.

Benefits of Using UPI for International Payments

It is a secure and convenient way to make payments.
It is fast and efficient.
It is low-cost.
It is available 24/7.
It is supported by a wide range of banks and apps.

List of Banks that Support International UPI Payments

As of September 2023, the following banks support international UPI payments:

Bank of Baroda
Union Bank of India
Punjab National Bank
Canara Bank
Bank of India
Indian Bank
Central Bank of India
Bank of Maharashtra
The Federal Bank Limited
IndusInd Bank Limited
Karur Vysya Bank Limited
South Indian Bank Limited
City Union Bank Limited
Punjab & Sind Bank
ESAF Small Finance Bank Limited
The Cosmos Bank

List of UPI Apps that Support International Payments

The following UPI apps support international payments:

Google Pay
PhonePe
Paytm
Amazon Pay
BharatPe

How to Make an International Payment Using UPI

To make an international UPI payment, you will need:

A UPI-enabled app that supports international payments.
A bank account that supports international payments.
The recipient’s UPI ID or bank account details.

Once you have all of the necessary information, you can follow these steps to make an international UPI payment:

Open your UPI-enabled app.
Select the “International Payments” option.
Enter the recipient’s UPI ID or bank account details.
Enter the amount you want to send.
Enter your UPI PIN.
Confirm the payment.

The payment will be processed instantly, and the recipient will receive the funds in their account within a few minutes.

Fees and Limitations of use UPI for international Payments

The fees and limitations for UPI international payments may vary depending on the bank and app you use. However, in general, you can expect to pay a small fee for each transaction. There may also be currency conversion fees involved.

Conclusion

UPI is a secure and convenient way to make international payments. If you are looking for a fast, affordable, and reliable way to send money to friends and family abroad, then UPI is a good option to consider.

I hope this blog article has been helpful. If you have any questions, please feel free to ask me in comments