NPCI Unveils UPI One World Wallet for International Delegates at India AI Impact Summit 2026
The National Payments Corporation of India (NPCI) has launched the UPI One World Wallet, a specialized digital payment service designed for foreign delegates attending the India AI Impact Summit 2026. This initiative aims to provide seamless and secure financial transactions for international visitors, leveraging India's advanced Unified Payments Interface (UPI) infrastructure.
Enhancing Financial Inclusion and Convenience
The UPI One World Wallet service allows foreign delegates to make payments in India without the need for local bank accounts or currency exchange hassles. Key features include:
- Easy Onboarding: Delegates can register using their international mobile numbers and passports, simplifying the setup process.
- Multi-Currency Support: The wallet supports transactions in multiple currencies, reducing conversion fees and enhancing user convenience.
- Wide Acceptance: It can be used at all UPI-enabled merchants across India, from retail stores to transportation services.
This launch is part of NPCI's broader strategy to promote digital payments and financial inclusion, aligning with global trends in cashless economies. By targeting high-profile events like the AI summit, NPCI aims to showcase India's technological prowess in fintech to an international audience.
Impact on India's Digital Economy and Global Outreach
The introduction of the UPI One World Wallet is expected to boost India's digital economy by attracting more foreign participation in events and tourism. It also positions UPI as a global payment solution, potentially expanding its adoption beyond Indian borders. The service will be piloted at the India AI Impact Summit 2026, with plans for broader implementation based on feedback and usage patterns.
NPCI officials have emphasized that this initiative supports the government's vision of a Digital India, fostering innovation and ease of doing business. As AI and technology sectors grow, such financial tools can enhance India's appeal as a hub for international conferences and collaborations.
