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Economy

UPI’s Overseas Network

1 minute readUpdated IST
UPI: Connecting India and neighboring countries; India hub linked with UAE, Nepal, Bhutan, Bangladesh, Maldives, Sri Lanka, and Singapore for instant cross-border payments.
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CountryCurrent documented linkageFirst live
BhutanP2MJul 2021
SingaporeP2M + P2P via PayNowAug 2021 / Feb 2023
UAEP2MApr 2022
FranceP2MFeb 2024
MauritiusP2MFeb 2024
Sri LankaP2MFeb 2024
NepalP2M + P2PMar 2024 / Jun 2026
QatarP2MSep 2025
GreeceP2P remittancesMay 2026
CambodiaP2MJun 2026
MaldivesFavara-UPI P2P corridorJul 2026

P2M = person-to-merchant; P2P = person-to-person.

A UPI QR being accepted by selected merchants abroad is not the same thing as linking two countries’ instant-payment systems.

Singapore’s UPI-PayNow connection, Nepal’s P2P linkage and the new Maldives Favara-UPI corridor go further because they facilitate real-time cross-border account transfers.

For example, under the Maldives link launched on 30 July 2026, a person can initiate a transfer in Maldivian rufiyaa through Favara and the recipient’s UPI-enabled Indian account receives Indian rupees.

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