India’s popular digital payments system, the Unified Payments Interface (UPI), is set to launch in Japan. This marks a significant step in the platform’s global expansion, aimed at helping Indian tourists pay conveniently using the same mobile apps they use at home.UPI allows instant money transfers and payments via apps like Google Pay, PhonePe, or Paytm by scanning QR codes or using other identifiers. It has become one of India’s most trusted and widely used digital payment systems.UPI Comes to Japan: What It Means for Indian TravellersThe rollout in Japan will initially be a pilot, carried out through a partnership between NPCI International Payments Limited (NIPL) — the international arm of India’s National Payments Corporation of India (NPCI) — and Japanese IT firm NTT DATA.This initiative means Indian tourists will not have to rely solely on cash or foreign exchange cards during their trips. Payments can be made directly from their Indian bank accounts in rupees, making spending abroad simpler and more convenient.Ritesh Shukla, Managing Director and CEO of NIPL, said the collaboration lays a strong foundation for broader UPI acceptance in Japan and reflects the commitment to simplifying cross-border payments.How Indian Tourists Can Use UPI for Payments in JapanIndian… Read MoreStartupTalky- Business News, Insights and Stories
