Cross-Broder Payments can be made via UPI

IndusInd Bank has become the first Indian bank to use UPI for Cross-Border Payments/NRI Remittances

Cross-Broder Payments can be made via UPI
Photo by David Dvořáček / Unsplash

IndusInd Bank announced on Monday that it has teamed up with the National Payments Corporation of India (NPCI) to enable real-time cross-border remittances to India using the Unified Payment Interface (UPI) method, for its Money Transfer Operator (MTO) partners.

“We are pleased to announce our collaboration with NPCI to launch the country's first UPI-based cross-border remittance facility, which allows NRIs to send money to a beneficiary in India using their UPI ID via our partner Exchange Houses, Banks, and Money Transfer Operators,” said Soumitra Sen, Head — Consumer Banking & Marketing, IndusInd Bank.