Digital onboarding to ease KYC for foreigners using UPI for payments

The National Payments Corporation of India (NPCI) is in the final leg of simplifying the KYC process for its UPI One World service, which is meant to enable UPI payments for foreigners visiting India, two people in the know said. The retail payment network has sought Reserve Bank of India’s approval for this facility, after running a pilot successfully for visitors from 40 countries in the recently concluded India AI Impact Summit.