EbixCash to pilot UPI for foreign nationals at G20 Summit in Bengaluru

EbixCash, the fintech arm of Ebix Inc, on February 14 said that it will enable Unified Payments Interface (UPI) transactions for foreign nationals visiting India during the G-20 summit, following Reserve Bank of India (RBI) Governor Shaktikanta Das’ announcement last week to allow UPI for inbound travellers at select international airports.

As a part of that initiative, EbixCash has become the first financial services entity in the country to enable this service for the delegates attending the G-20 summit being held in India. The company will launch a pilot shortly in Bengaluru at the G-20 summit, involving dignitaries from the world’s 20 most powerful nations.

T C Guruprasad, managing director, Payment Solutions Division and EbixCash World Money said. “We are excited to announce the launch of UPI for foreign nationals exchanging currencies across airports in India. This is in line with our commitment to embrace the vision of India’s Prime Minister Narendra Modi to promote digital transactions in India.”

He added, “This would enable passengers to visit our airport counters across India for converting their foreign currency into digital Indian currency, with a UPI interface to pay for goods and services across the country”.