NRIs can now send funds via UPI apps
Inward remittances from other countries are so far processed only through payment modes such as NEFT, IMPS and RTGS. Now, anyone from the Merchantrade network countries can do real-time remittances to the people in India using UPI apps such as BHIM, Google pay and Amazon pay.
image for illustrative purpose
Inward remittances from other countries are so far processed only through payment modes such as NEFT, IMPS and RTGS. Now, anyone from the Merchantrade network countries can do real-time remittances to the people in India using UPI apps such as BHIM, Google pay and Amazon pay.
Malaysia-based mobile virtual network operator provider has partnered with NPCI International (NIPL) - a wholly-owned subsidiary of National Payments Corporation of India to facilitate real-time remittances to beneficiary banks in India via UPI IDs.
This partnership will help Non-Resident Indian (NRI) partners to push funds to beneficiaries on-boarded on UPI apps. The solution will assist with beneficiary name matching and facilitate all the requisite compliance checks in a safe, secure, and convenient manner.Inward remittances from other countries are so far processed only through payment modes such as NEFT, IMPS and RTGS. Now, anyone from the Merchantrade network countries can do real-time remittances to the people in India using UPI apps such as BHIM, Google pay and Amazon pay.
