Apr-Jan cross-border UPI transactions rise to 734,205, worth INR 2.44 bln
This story was originally published at 16:38 IST on 11 March 2025
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NEW DELHI - Cross-border transactions from the Unified Payments Interface have risen substantially since 2021-22 (Apr-Mar) with 734,205 transactions, amounting to INR 2.44 billion, taking place in Apr-Jan of FY25, Finance Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha on Tuesday.
Cross-broder UPI transactions began in FY22 when Singapore linked its fast payment systems, PayNow, with India's UPI. Last year, 44,182 cross-border UPI transactions, worth INR 229.35 million, took place. According to National Payments Corp. of India, there are seven countries, including France, where international UPI merchant payments are accepted. End
Reported by Shubham Rana
Edited by Vandana Hingorani
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