IDFC FIRST Bank Enables UPI for NRIs Using International Mobile Numbers

IDFC FIRST Bank has launched a new UPI (Unified Payments Interface) service for its Non-Resident Indian (NRI) customers. This new facility allows NRIs in 12 different countries to make UPI payments using their international mobile numbers, which are linked to their NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts.

These transactions can be done using the IDFC FIRST Bank mobile app and do not require an Indian SIM card. Additionally, NRIs can use other third-party UPI apps by linking their bank accounts.

Countries Where the Service Is Available

This UPI feature is available for NRIs residing in the following countries:

• Australia
• Canada
• France
• Hong Kong
• Malaysia
• Oman
• Qatar
• Saudi Arabia
• Singapore
• United Arab Emirates (UAE)
• United Kingdom (UK)
• United States of America (USA)

Features of the New UPI Service

• No Need for Indian SIM: NRIs can use their international mobile number for UPI.
   
• Instant Transfers and Payments: NRIs can scan QR codes or use UPI IDs or mobile numbers to send money or pay bills.
   
• Zero Transaction Fees: There are no charges for using this UPI service.
   
• Same Security as Domestic UPI: The transactions are secure and as reliable as those done by residents in India.
   
• INR Transactions Only: The payments must be made in Indian Rupees and are intended for transactions within India.
   
• No Foreign Exchange Charges: Since the payments are done in INR and within India, no forex fees are applied.

How to Enable UPI for NRIs?

NRIs can activate the service in 3 simple steps using the IDFC FIRST Bank mobile app:

1. Log in to the app and go to the ‘Pay’ section.
2. Link your NRE or NRO account.
3. Create a UPI ID and start using the service to make payments or transfer money.

About IDFC FIRST Bank

IDFC FIRST Bank is known for its focus on digital-first banking. As of March 31, 2025, the bank serves over 3.55 crore customers. The bank operates 1,002 branches across India and continues to expand its digital offerings to both domestic and international customers.

Also Read: Meesho Becomes an Indian Company, Reshuffles Board Ahead of US$1 Billion IPO! 

IDFC First Bank Share Price Movement

As of June 26, 2025, IDFC First Bank share price is trading at ₹71.85, reflecting a decline of ₹0.25 or 0.35% for the day. The stock opened at ₹72.15 and reached an intraday high of ₹72.34, while the day's low was ₹71.40. The market capitalisation of the company stands at ₹52,650 crore. The stock has a price-to-earnings (P/E) ratio of 35.39 and currently does not offer a dividend yield. Over the past 52 weeks, the stock has touched a high of ₹83.70 and a low of ₹52.46.

Conclusion

With this launch, IDFC FIRST Bank has made digital payments easier and more accessible for NRIs. By removing the need for an Indian SIM and offering secure, instant, and fee-free transactions in INR, the bank is not only enhancing user convenience but also strengthening its digital banking footprint among global Indian customers.

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