In addition to Singapore, UPI is currently used in six other countries: the UAE, Bhutan, Nepal, Sri Lanka, France, and Mauritius. The launch of UPI in France is particularly significant, as it represents the first use of UPI in Europe. This expansion has greatly enhanced the credibility of...
UPI’s versatility extends beyond peer-to-peer transfers. It can be used for over-the-counter (OTC) payments, allowing users to make quick transactions at physical stores by scanning QR codes or entering Virtual Payment Address (VPA). Additionally, UPI simplifies day-to-day bill payments such ...