IDFC First Bank has launched a new feature allowing Non-Resident Indians (NRIs) to use UPI (Unified Payments Interface) services in India using their international mobile numbers. This update helps NRIs send money, make payments, and scan QR codes through any UPI app without needing an Indian SIM card.
Previously, UPI access required users to have an Indian mobile number, making it difficult for NRIs to use this system. Now, NRIs holding NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts with IDFC First Bank can register their international mobile numbers through the bank’s app or at a branch. Once verified, they can start using UPI-enabled apps for transactions just like resident Indians.
Currently, the service is available for NRIs using mobile numbers from 6 countries:
IDFC First Bank plans to expand this list, allowing more NRIs worldwide to access UPI services easily.
This move aligns with the Reserve Bank of India’s (RBI) goal to internationalise UPI and extend seamless digital payment access to Indians living abroad. The feature will benefit NRIs who manage expenses in India, such as family support, investments, or property transactions.
IDFC First Bank aims to roll out more NRI-focused services, including UPI-based investment management, bill payments, and loan repayments. As more banks follow suit, UPI’s global relevance is expected to grow.
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On July 3, 2025, IDFC First Bank share price closed at ₹77.44, up by ₹0.19 or 0.25%. During the session, the stock opened at ₹77.40, reached a high of ₹77.84, and touched a low of ₹76.95. The bank has a market capitalisation of ₹56,840 crore, a price-to-earnings (P/E) ratio of 38.15, and does not currently offer a dividend yield. Over the past year, the stock has traded between a 52-week low of ₹52.46 and a 52-week high of ₹82.10.
IDFC First Bank’s new service bridges a key gap for NRIs, offering them the convenience of India’s digital payment system without needing an Indian mobile number. This marks a step forward in making UPI a truly global solution.
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Published on: Jul 4, 2025, 8:07 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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