PayPal's Xoom Adds UPI Payments For Remittance Of Money To India In Real Time
UPI integration will help with increased convenience and grow remittances into India. Xoom, PayPal's international digital money transfer service, announced its integration with NPIL's/NPCI's Unified Payments Interface (UPI), a real-time payment system facilitating inter-bank transactions in India. Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) living in the US, Canada and Europe can now remit money to their family and friends in India. Using UPI to send money to India via Xoom is easier as overseas senders only need to know Indian receivers' UPI identity to send remittances ...
Source: ndtv.com