India's three-way payments paytm-UPI One World: an international bridge for digital payments in India

　　**UPI One World: An International Bridge for Digital Payments in India**

　　**I. Overview of UPI One World**

　　The National Payments Corporation of India (NPCI), in partnership with various banking institutions, has launched 'UPI One World', a digital payment solution for international tourists and travellers to India.

　　UPI One World is designed to simplify cross-border payments and enhance the global reach of India's Unified Payments Interface (UPI). The solution provides a seamless and cost-effective route for international transactions, catering to both inward and outward remittances.UPI One World enables ease and efficiency in financial transactions by connecting multiple banks, merchants and payment service providers across the globe. Leveraging the power of UPI, this service will transform cross-border transfers, providing real-time processing and unparalleled security.

　　**II. Who can use UPI One World**

　　All travellers and visitors from countries/regions working with the Unified Payment Interface (UPI) system in India can use UPI One World wallet for digital payment transactions in India. This includes travellers from G20 countries and territories such as Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK and the US.

　　**III. Scenarios for the use of UPI One World**

　　UPI One World is designed for a variety of scenarios and facilitates cross-border financial transactions. International travellers can make payments using their home country's banking credentials without paying high conversion fees. Indian users travelling abroad can also make payments in foreign currencies directly through the UPI app. In addition, UPI One World is also suitable for global trading companies, overseas students, etc., providing a unified payment solution.

　　**IV. How to use UPI One World services**

　　Using UPI One World is very simple. Below is a step-by-step guide:

　　1. Download the compatible UPI app and make sure it is linked to your bank account.

　　2. Register UPI One World in the International Payments section of the app.

　　3. Complete the KYC process to verify your identity.

　　4. Select the preferred currency and set the transaction limit.

　　5. For international remittances or collections, link the UPI account to a foreign bank account.

　　6. Use the app to make cross-border payments and enjoy real-time exchange rates and security.

　　**V. Advantages of the UPI One World wallet**

　　The UPI One World Wallet offers the following benefits:

　　- A seamless UPI payment experience that ensures consistency in domestic and international transactions.

　　- Cost-effective and reduced transaction costs.

　　- Support multi-currency and enjoy real-time exchange rates.

　　- Enhanced security to protect user financial information.

　　- Widely accepted, integrated with multiple banks and merchants worldwide.

　　- Real-time processing reduces waiting time.

　　By offering these benefits, the UPI One World Wallet is the solution of choice for global transactions.