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Exclusive: India's UPI could inspire global refugee payment system, says UNICC director Sameer Chauhan

This statement comes at a time when the UNICC is looking to establish its first office in India later this year, marking its strategic expansion into the Global South

June 19, 2023 / 11:47 IST
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United Nations International Computing Centre’s (UNICC) director Sameer Chauhan

India's Unified Payments Interface (UPI) infrastructure could be an inspiration for a global not-for-profit payment system for refugees, said United Nations International Computing Centre’s (UNICC) director Sameer Chauhan in an exclusive interview with Moneycontrol.

“During the war in Ukraine, UNHCR (United Nations High Commissioner for Refugees) issued monthly payments to refugees using debit cards, but faced challenges like lost cards and limited access to funds. So, in late 2022 we (UNICC) successfully piloted a crypto-based solution where refugees with mobile phones received crypto payments tied to US stablecoin. However, India's UPI infrastructure could be the inspiration for a global not-for-profit payment system for refugees,” Chauhan said.

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In February, the Reserve Bank of India (RBI) extended UPI services for inbound travellers from G-20 countries. In the same month, India and Singapore also signed a pact to launch cross-border connectivity between UPI and its Singapore counterpart, PayNow. Union Minister Ashwini Vaishnaw had said in February that India has also signed memoranda of understanding (MoUs) with 13 countries that want to adopt UPI for digital payments.

Also Read: Who stands to benefit from India's UPI and Singapore's PayNow linkage