👉It won't be long until Indians living abroad may use their international mobile numbers to access the Unified Payments Interface (UPI). Non-Resident Indians (NRIs) in ten countries can use UPI services without relying on their India phone number for transactions. Singapore, the US, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, the UAE, and the UK are the nations in question. The National Payments Corporation of India claims that accounts with international mobile numbers, such as NRE/NRO (Non Resident External and Non Resident Ordinary) accounts, can use UPI to conduct transactions. Partner banks have until April 30 to follow the rules, according to the Payments Corporation. While an NRO account assists NRIs in managing revenue received in India, an NRE account enables them to transfer foreign profits to India. The only prerequisites are that banks confirm that these accounts are permitted in accordance with Foreign Exchange Management Act (FEMA) regulations, adhere to Reserve Bank of India (RBI) recommendations, and take precautions to prevent money laundering and financing of terrorism.✅ . . #UPI #UPIindia #upitransactions #moneytransactions #RBI #NRI #foreignmoney #mnm #malayalisnearmeapp #canadaupdate #canadanews