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UPI Goes Global: Now Live in 8+ Nations as India Exports Digital Blueprint

India's Unified Payments Interface (UPI) is now operational in over eight countries, including the UAE, Singapore, and France, enhancing cross-border remittances and financial inclusion. The government has signed Memoranda of Understanding with 23 nations to share and replicate India's Digital Public Infrastructure (DPI), covering platforms like Digilocker and digital identity. A Global DPI Repository, launched during India's G20 presidency, showcases solutions like Aadhaar and CoWIN for international adoption. Meanwhile, UPI transaction volume in India grew 28% year-on-year in January, reaching 21.7 billion transactions.

Key Points: UPI Live in 8+ Countries; India Signs 23 DPI MoUs

  • UPI live in 8+ countries
  • 23 MoUs for India Stack/DPI adoption
  • Global DPI Repository launched during G20
  • UPI transactions hit 21.7 billion in January
2 min read

UPI now live in over 8 countries; MoUs with 23 nations on DPI adoption

India's UPI expands to 8+ countries with 23 MoUs for sharing its Digital Public Infrastructure (DPI), boosting global fintech leadership and remittances.

"These MoUs focus on cooperation in areas such as digital identity, digital payments, data exchange and service delivery platforms - Jitin Prasada"

New Delhi, Feb 6

The Unified payments interface is now live in over eight countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius and Qatar, positioning India as a global leader in digital payments, the Parliament was informed on Friday.

UPI's growing international adoption is boosting remittances, promoting financial inclusion, and strengthening India's position in the global fintech landscape.

Moreover, the government has signed MoUs/agreements with 23 countries for sharing or cooperation on India Stack/Digital Public Infrastructure (DPI), primarily for replication and adoption of India's digital governance platforms, Minister of State for Electronics and IT, Jitin Prasada, said in Rajya Sabha.

"These MoUs focus on cooperation in areas such as digital identity, digital payments, data exchange and service delivery platforms, aligned with India's broader DPI diplomacy under the India Stack framework," the minister informed.

MoUs have been signed with Cuba, Kenya, United Arab Emirates and Lao People's Democratic Republic (LPDR) for Digilocker.

Apart from this, the government has taken measures to share the success of India's Digital Public Infrastructure (DPI) globally.

India Stack Global showcases India's DPI and facilitates its adoption by friendly countries. The portal provides access to 18 key digital platforms.

"The Global DPI Repository, launched during India's G20 Presidency (2023), serves as a global knowledge platform, with India contributing the highest number of DPI solutions," said the minister.

The key DPI and digital solutions are Aadhaar, UPI, CoWIN, API Setu, DigiLocker, Aarogya Setu, GeM, UMANG, DIKSHA, e-Sanjeevani and PM GatiShakti, among others.

Meanwhile, the UPI saw 28 per cent transaction count growth (year-on-year) at 21.70 billion in the month of January - along with registering 21 per cent annual growth in transaction amount at Rs 28.33 lakh crore, the National Payments Corporation of India (NPCI) data showed recently.

- IANS

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Reader Comments

S
Sarah B
As an NRI in the UAE, I can finally use UPI here to send money back home instantly. No more hefty bank transfer fees and waiting days. This is a massive relief for the diaspora. Hoping more Gulf countries are added soon!
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Priya S
While the global expansion is impressive, I hope the government focuses equally on strengthening cybersecurity and data privacy frameworks at home. With such massive adoption, we are a huge target for cyber attacks. Safety first!
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Rohit P
India Stack going global is soft power at its best. We are not just selling goods, we are exporting our digital governance model. This will create immense goodwill and strengthen our diplomatic ties, especially with African and Asian nations.
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Karthik V
The inclusion of France is a big deal. A developed European nation adopting our system shows the robustness of UPI. Next stop should be the UK and USA for our large student and professional community there.
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Meera T
This is fantastic news! But I have a practical concern. When will the common merchant in a smaller Indian city see the benefit of this global expansion? Sometimes it feels like the big, flashy foreign deals don't trickle down to improve local user experience and reduce failed transactions.
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David E

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