Sunday, 1 Jun 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Subscribe
Brinks Report
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
  • 🔥
  • World
  • Business
  • Economy
  • Technology
  • Automobile
  • IPL
  • People
  • Sports
  • IPL 2025
  • Entertainment
Font ResizerAa
Brinks ReportBrinks Report
Search
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
Have an existing account? Sign In
Follow US
© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.
Brinks Report > Blog > Economy > UPI Goes Global: India’s Vision for Seamless Cross-Border Transactions
Economy

UPI Goes Global: India’s Vision for Seamless Cross-Border Transactions

Dolon Mondal
Last updated: March 11, 2025 12:28 pm
Dolon Mondal
Share
Upi goes global: india’s vision for seamless cross-border transactions
SHARE
Trulli

India is already a leader in real-time payments. Now, it’s taking on the world to make cross-border transactions faster, cheaper, and more transparent. Here’s how!

India’s UPI Dominance: A Global Success Story

India has become a global leader in real-time payments thanks to its revolutionary Unified Payments Interface (UPI). With a whopping 48.5% share of global transaction volumes, UPI has transformed how Indians pay, making transactions faster, seamless, and accessible to millions.

But while India shines in domestic payments, the focus is now shifting to a bigger challenge: cross-border payments.

Trulli

The Cross-Border Payment Challenge

India is the world’s largest recipient of personal remittances, receiving an estimated $130 billion in 2024 alone. However, sending money across borders remains expensive, slow, and often lacks transparency.

RBI Governor Sanjay Malhotra recently highlighted this issue, stating, “We need to address the challenges of high cost, slow speed, and insufficient access in cross-border payments.”

Also Read: Indian Bond Market Holds Firm Despite High Borrowing, RBI Support & Inflation Concerns

How India is Tackling the Problem

To make cross-border payments more efficient, India is taking bold steps:

  1. Bilateral Partnerships: India is linking UPI with fast payment systems of other countries. This means smoother, cheaper transactions for users.
  2. Multilateral Initiatives: India is also part of Project Nexus, a global effort to connect real-time payment systems worldwide. This will reduce the complexity of international money transfers.

What’s Next for India’s Payment Ecosystem?

India’s success in real-time payments is just the beginning. With UPI going global and initiatives like Project Nexus, the country is set to revolutionize cross-border transactions.

The RBI is committed to driving innovation, ensuring India’s financial infrastructure keeps pace with global demands. For consumers and businesses, this means faster, cheaper, and more transparent international payments.

Also Read: SEBI’s New Era: Transparency, Trust, and Foreign Investment

The Future is Bright

India’s journey from leading domestic payments to transforming cross-border transactions is a story of innovation and ambition. As UPI expands globally, the world is watching how India will shape the future of digital payments.

Image Slider
Image 1 Image 2 Image 3
TAGGED:Cross-border paymentsdigital paymentsglobal payment systemsIndia fintechProject NexusRBIreal-time paymentsremittancesUPI
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
What do you think?
Love0
Sad0
Happy0
Joy0
Sleepy0
Angry0
Surprise0
Previous Article Copy of www. Brinksreport. Com 53 Big Change! India Updates 169-Year-Old Shipping Law – Here’s How It Impacts Trade!
Next Article Download Duterte Faces ICC Investigation: A Turning Point in Accountability for Drug War Crimes
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.
FacebookLike
XFollow
RSS FeedFollow
Ad image

You Might Also Like

Indian wealthy
BusinessEconomy

India’s Wealthy on the Rise: HNWIs Jump 6% in 2024, Says Knight Frank

By
Ankita Das
Are asian consumer stocks safe from trade tariffs?
Economy

Are Asian Consumer Stocks Safe from Global Trade Problems? Know the Details!

By
Ankita Das
Copy of www. Brinksreport. Com 2 1
BusinessEconomy

Zaggle Stock Spikes 5% Following Major Zatix Agreement with Tech Mahindra!

By
Ankita Das
Asian stocks fall as us-china trade war escalates
WorldEconomy

Shocking Market Crash! US-China Trade War Triggers Massive Asian Stock Sell-Off — Nikkei Plunges 5.6%!

By
Ankita Das
Ad image

About US


Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.

Top Categories
  • World
  • Business
  • Economy
  • Technology
Usefull Links
  • Contact Us
  • About Us
  • Privacy Policy
  • DMCA

© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.