Wizz Financial brings UPI to international visitors through new cross-border wallet

In September 2025, Wizz Financial launched the Wizz Financial App, a digital platform that brings remittances, foreign exchange, payments, and other financial services together, with connectivity to India’s UPI ecosystem for residents, non-residents, and eligible international customers.

The app was unveiled at the Global Fintech Festival 2026 and combines Wizz Financial’s digital capabilities with its India network, which serves more than 5 million customers through over 360 branches across 22 states. Customers can now use the platform for inward and outward remittances, foreign exchange, multi-currency prepaid cards, lending solutions, UPI transfers to India, bill payments, and mobile recharges. The app also includes travel and visa-related services.

A key component is SWITCH, Wizz Financial’s proprietary interoperability infrastructure. It is also designed to connect the company’s applications across the US, UAE, and India with participating third-party wallets and financial platforms. SWITCH enables money transfers across the Wizz Financial ecosystem, while the company’s proprietary payout network supports cross-border payouts to more than 80 countries.

The platform also connects Wizz Financial’s US and UAE offerings with India’s UPI ecosystem, enabling eligible users to make real-time transfers into Indian UPI accounts. Through the UPI One World framework, eligible international visitors can use the Wizz Financial App to make cashless payments across India, subject to applicable regulatory requirements and prescribed limits.

The launch is part of Wizz Financial’s strategy to build an integrated financial platform connecting customers and businesses across key cross-border economic corridors, including India, the GCC, Southeast Asia and the US.

Impact on the ICT Market

SWITCH enables customers to move money seamlessly across the Wizz Financial ecosystem. Cross-border payouts are also further supported by Wizz Financial's proprietary payout network, reaching more than 80 countries.

The platform also connects Wizz Financial's US and UAE propositions with India's UPI ecosystem, enabling eligible real-time transfers into Indian UPI accounts. Through the UPI One World framework, eligible international visitors can also use the Wizz Financial App to make cashless payments across India, subject to applicable regulatory requirements and prescribed limits.

Impact on the Digital Payment Market

The global digital payment market size is accounted for USD 170.24 billion in 2025, and is predicted to increase from USD 200.03 billion in 2026 to approximately USD 790.59 billion by 2035, expanding at a CAGR of 16.60% from 2026 to 2035.

According to Precedence Research, the market is continuously evolving, thanks to advances in blockchain, AI, and contactless transactions. Financial services are improving mobile capabilities across verticals with a focus on security. Both businesses and consumers are adopting cashless transactions at an unprecedented rate. The emergence of technologies such as biometric authentication and real-time payments has led to new opportunities for growth and convenience in transactions.

Factors including increasing movement away from cash and rising usage of smartphones have further driven growth of the global digital payment market. In addition, the wide adoption of the Internet has boosted the global e-commerce sector. E-commerce is further driving the evolution of services such as digital payments, insurance, and credit that are being offered at the point of sale by non-financial companies. On the other hand, an expanding digital payments industry has scaled up over the past years across emerging economies around the globe due to the availability of affordable smartphones and increasing Internet penetration.