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UPI Goes Global: India and South Korea Launch "Digital Bridge" for Seamless Payments

Live India 2 days ago

In a major milestone for India's digital diplomacy, the Unified Payments Interface (UPI) is set to become a reality in South Korea. On April 20, 2026 , during a historic state visit by South Korean President Lee Jae-myung to New Delhi, both nations signed a Memorandum of Understanding (MoU) to integrate their digital payment ecosystems.

This partnership, part of the newly launched 'India-Korea Digital Bridge,' aims to provide Indian travelers with the same 'scan-and-pay' ease in Seoul that they enjoy back home.

The collaboration between NPCI International Payments Limited (NIPL) and the Korea Financial Telecommunications & Clearings Institute (KFTC) marks a strategic shift in cross-border finance:

This move is about more than just avoiding forex card fees; it's a centerpiece of the India-ROK Special Strategic Partnership (2026-2030):

Traveler's Note: While the rollout begins in major hubs like Seoul and Busan, travelers are advised to keep a 'Zero-Forex' credit card as a backup for high-value transactions or merchants not yet integrated into the QR network.

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