Tuesday, 3 March, 2026
NPCI Seeks RBI Approval for Digital KYC to Simplify UPI Access for Foreign Tourists
The National Payments Corporation of India (NPCI) is seeking RBI approval to launch a fully digital onboarding process for international travelers. This initiative aims to replace the current physical document verification, allowing foreigners to complete KYC instantly via mobile apps. By streamlining access to the UPI ecosystem, the move is expected to significantly boost digital payments in the tourism sector.
Read full story at Economic Times