NPCI - Simple system to send money from abroad to India!!!
The UPI of india is continuously becoming stronger at the global level. In such a situation, if indians go abroad and want to send money from there to their home, then this news is useful for you. The reason for this is that efforts are being made to solve the problem of international transactions of overseas indians living abroad.
Actually, now if you live abroad and want to send money immediately to your family members' account from there, now you will be able to do so quickly and with less charge. Not only this, indians settled abroad will also be able to send a very small amount to india and NPCI is engaged in successful efforts to make it thriving, indicating that soon the organization is going to launch its international payment system.
International transactions would have been expensive
It is worth mentioning that there are about 32 million indians living abroad outside india and these people going for the purpose of earning and to send huge amount every year to the people living in india at their home. Talking about the official figures regarding this, according to the World Bank, indians who went abroad last year sent $ 87 billion to India. This is the largest amount sent by people living in other countries in the world to their country. It costs an average of $13 for every $200 you send. In such a situation, this work can be made very easy with the new payment system.
What is this new payment system?
Actually, NPCI is busy preparing a cheap and simple system to send money from abroad to India. Ritesh Shukla, CEO, NPCI international said, “We have reduced the use of cash to a great extent in India. For this, talks are going on with governments, fintech companies and service providers of many countries. Regarding the company, Shukla said that our aim is to reduce the transaction cost.
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