India’s tourism sector ranks among the fastest-growing economic sectors in the country, projected to contribute $250 billion to the country’s GDP by 2030 and serve as an economic catalyst that boosts job creation and development. The burgeoning tourism and increasing payment hassles hamper the quality of the experience whilst impacting the growth of the tourism industry.
To address the numerous complexities that foreign tourists face, CheqUPI – India’s first UPI interface platform for foreign nationals has recently conducted a survey to unveil how payment hurdles affect satisfaction rates among tourists and how CheqUPI could be a game-changer for the digital payment landscape in creating immersive experiences.
The tourism sector is continuing to grow at an unprecedented momentum. However, tourists face several routine challenges while making payments which can stagnate the bulging growth of this industry. According to the survey, 75% of tourists find cash dependency as one of the significant challenges, while 85% of them feel that finding ATMs, especially in remote areas that accept international cards can be a major inconvenience.
A lack of adequate facilities and access to financial tools can severely impact the interests of foreign visitors cultivating a negative impression. On the contrary, employing robust UPI technology can help in streamlining, optimising and enhancing the digital payment expense for foreign nationals ensuring the delivery of a mesmerising journey. By harnessing the power of UPI, tourists can make payments from any corner of the country enjoying their journey not as tourists but like any other Indian citizen.
Commenting on the potential of UPI, Manish Shukla, Co-founder, CheqUPI said, “ UPI is all set to revolutionise the digitised financial journey of foreign nationals visiting India by integrating seamless transaction experience with leading-edge technology. With this innovative financial solution, travellers can easily and securely make digital payments at multiple merchant establishments equipped with UPI QR codes across the country taking a step forward to make online payments accessible for everyone.”
