Originally Posted by
SeeBuyFly
Now all we need is for PhonePe and ilk to debit foreign accounts directly, rather than the current complicated options. No reason it couldn't happen, but it probably won't happen.
An entity like Wise is perfectly positioned to do this as they already have links set up to foreign banks in many countries. They already allow paying to a UPI VPA from a foreign bank account, I believe. It would be most useful if they added the ability to pay to a QR code, and also from foreign credit cards. But between the FX mark-up they charge and the fees of the credit card networks this end up being rather more expensive, although undeniably convenient for short trips in India.