The partnership will offer Indian & Cambodian travellers the convenience of making QR code-based payments seamlessly across tourist attractions, restaurants, retail outlets and other establishments. Indian tourists in Cambodia will be able to use their UPI enabled apps to make merchant payments easily at more than 4.5 million KHQR merchant touch points. Similarly, Cambodian tourists in India will be able to scan more than 709 million UPI QRs to make merchant payments conveniently using their Cambodian payment apps. The collaboration will support businesses in both countries by offering a secure, interoperable, and frictionless payment experience via UPI and KHQR, significantly enhancing convenience for consumers in both markets.

Ritesh Shukla, MD & CEO, NPCI International, said, “Our partnership with ACLEDA Bank Plc. marks an important step in strengthening interoperable digital payment corridors between India and Cambodia. By enabling UPI and KHQR acceptance across both countries, we aim to make travel simpler and empower consumers with trusted and familiar payment options. This partnership reflects our commitment to expanding secure, inclusive, and scalable digital payments on a global scale.”

Dr. In Channy, President & Group Managing Director of ACLEDA Bank, said, “We are excited to sign this Service Agreement with NPCI International Payments Limited. The Service Agreement formalizes the technical and operational framework for interconnecting NPCI’s UPI (Unified Payments Interface) network with ACLEDA Bank’s KHQR ecosystem. This network-to-network setup will ensure secure, interoperable payments, allowing Indian consumers and businesses to use their mobile devices to scan QR codes from Cambodian merchants for payment. In addition, this collaboration represents an important step toward regional payment interoperability, aligning with ASEAN’s vision of advancing inclusive digital economies and fostering financial innovation in digital payments, empowering our customers with fast, affordable, and secure cross-border options that boost trade and tourism for both nations”.

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(Left) Ritesh Shukla, Managing Director & Chief Executive Officer of NPCI International Payments Limited (NIPL), and (Right) Kevin Lee, Country Head and CEO of Razorpay Curlec

Bengaluru, 04 November 2025: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has announced a partnership with Razorpay Curlec, to pave the way for enabling UPI transactions in Malaysia. This integration will allow Indian travellers visiting Malaysia be make instant and secure payments to local merchants accepting payments directly via Razorpay Curlec’s platform using their preferred UPI-enabled apps. This strategic partnership was formalized during the Global Fintech Fest (GFF) 2025.

Over one million Indian tourists visited Malaysia in 2024, with a 71.7% rise from the previous year, highlighting India’s growing economic influence in the region. As travel between India and Malaysia continues to rise, there is a growing scope to make cross-border transactions more seamless, reducing dependence on cash, minimising foreign exchange costs, and improving payment acceptance for travellers and businesses alike.

By connecting to UPI, Malaysian businesses can tap into a rapidly growing base of Indian travellers who trust the ease of UPI payments – unlocking new revenue streams with minimal friction while benefiting from local settlement and compliance.

Speaking on the development, Ritesh Shukla, Managing Director & Chief Executive Officer of NPCI International Payments Limited (NIPL), said, “We are focused on expanding UPI’s global presence to make digital payments more accessible and seamless for Indians traveling abroad. Our partnership with Razorpay Curlec marks a major step in enabling UPI acceptance in Malaysia, offering Indian visitors a secure and convenient way to pay local merchants. This collaboration reflects our ongoing commitment to building a globally connected, inclusive, and interoperable payments ecosystem.”

Shashank Kumar, MD & Co-founder, Razorpay said, “UPI has totally changed the way India pays, showing what’s possible when innovation and inclusion come together at scale. Now, with Curlec, we’re bringing that same energy to Malaysia – helping businesses and travellers enjoy the speed, trust, and simplicity that make India’s digital payments so powerful. This isn’t just about payments; it’s about creating a truly borderless fintech future across Asia.”

Kevin Lee, Country Head and CEO of Razorpay Curlec, said, “Indian travellers represent one of the fastest-growing visitor groups to Malaysia, yet many still rely on cash or face high fees when using international cards. By enabling UPI payments, we will make transactions simpler for consumers and more rewarding for Malaysian businesses. It is a meaningful step toward frictionless payments and a stronger, digitally connected economy. Looking ahead, we are committed to driving continuous innovation that deepens financial inclusion and positions Malaysia as a leading hub for seamless cross-border commerce.”

This partnership will facilitate seamless and inclusive digital commerce between India and Malaysia, enabling an efficient cross-border payment connectivity and supporting Malaysia’s rapidly growing digital economy.

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Bengaluru, July 16, 2025 – NPCI International Payments Limited (NIPL) the international arm of National Payments Corporation of India (NPCI) has further enhanced the UPI-PayNow real-time payment linkage by adding 13 more banks on the platform, extending its reach and simplifying cross-border remittances between India and Singapore. With this development, which will go live on July 17, 2025, users in both countries can remit funds to a wider base, making the service more accessible and convenient.

The expanded network for remittances to India now includes 19 banks – Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank, IDFC FIRST Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, and UCO Bank alongside Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India.

Recipients in India can receive remittances from Singapore in their accounts held with any of these 19 banks through their preferred UPI enabled apps such as BHIM, Google Pay and PhonePe, as well as bank apps. Outward remittances from India to Singapore is available through Canara Bank, HDFC Bank and Karur Vysya Bank along with ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India. In Singapore, customers of DBS SG and Liquid Group can avail this service.

The UPI-PayNow service was launched as a joint initiative between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS). It facilitates real-time cross-border fund transfers between individuals, where Indian users can receive funds via UPI ID and send funds to users in Singapore via their mobile number or Virtual Payment Address (VPAs). As the world’s first cloud-based, real-time cross-border payment system, the initiative is a pioneering step in global payment connectivity.

This development is particularly beneficial for the Indian diaspora in Singapore, including migrant workers and students, bringing the ease of digital payments to everyday remittances. UPI is already accepted via QR codes at select merchant outlets in Singapore, further extending its utility.

Ritesh Shukla, MD & CEO, NPCI International said, “The expansion of the UPI-PayNow linkage marks a step forward in strengthening cross-border payment infrastructure. By enabling access to more banks in India, we are deepening the reach of real-time remittances and supporting greater financial connectivity between the two countries. This brings added convenience to users through a seamless and trusted platform”.

UPI-PayNow integration enables real-time cross-border remittance transactions, with funds reaching the recipient’s bank account within seconds. The service leverages strong security protocols to ensure safe and reliable transfers. It is ideal for small and frequent remittances, providing users with a convenient and cost-effective way to send and receive money anytime.

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Bengaluru, 19^th March 2025:  NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has announced a partnership with HitPay, a Singapore-based full-stack payments infrastructure firm, to expand Unified Payments Interface (UPI) acceptance across Singapore. This partnership will offer Indian travellers the convenience of making QR code-based payments at establishments across tourist attractions, restaurants, retail outlets and more. 

Over 1.2 million Indian visitors travelled to Singapore in 2024. With this partnership, NIPL aims to provide a familiar payment experience to Indians travelling to Singapore. UPI acceptance will be rolled out progressively to over 12,000 merchants across Singapore. It will also offer businesses the opportunity to serve Indian consumers with a frictionless online and offline payment option via UPI.

Speaking on the development, Ritesh Shukla, Chief Executive Officer, NPCI International, said, “We are focused on expanding UPI’s global presence to make transactions easier for Indians traveling abroad. Our partnership with HitPay expands UPI acceptance in Singapore, offering Indians a reliable, cost-effective payment option during their travel. This collaboration also highlights our commitment to building a globally connected payments ecosystem”.

“UPI has transformed India’s payment landscape with unmatched speed, simplicity, and scalability,” said Aditya Haripurkar, CEO and Co-Founder of HitPay. “This integration reflects HitPay’s vision to be the trusted partner for merchants in Singapore, providing seamless access to the fastest-growing markets in Asia and beyond.”

This partnership is another step forward in UPI’s global journey, strengthening its role in the international digital payments landscape. By offering Indian travellers a smooth, familiar and affordable payment option, it enhances their experience while also deepening economic and technological connections between India and other countries.

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Bengaluru, 15 January 2025: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has announced a strategic partnership with Magnati, a leading payment solutions provider in the Middle East, to advance QR based Unified Payments Interface (UPI) merchant payments via Magnati’s point-of-sale (POS) terminals in the UAE. The collaboration aims to expand QR based merchant payment network in the UAE by enabling more merchants to provide UPI as a payment method to Indian travellers.

UPI is recognised as one of the world’s most successful real-time payment systems, processing over 16 billion transactions in December 2024 alone. With this partnership, NIPL can provide seamless payment options to more than 12 million Indians travelling to Dubai and the UAE annually. It plugs an Indian solution into the global digital payments network and allows UAE merchants to cater to a growing Indian consumer base.

The partnership will initially offer UPI acceptance across Dubai Duty Free, enhancing the shopping and payment experience for Indian tourists. It will further pave the way for future expansion across key merchant categories including retail, hospitality, transport, and supermarkets, among others.

Ritesh Shukla, Chief Executive Officer, NPCI International said, “The partnership with Magnati is a strategic step towards expanding UPI acceptance in the UAE. It offers Indian travellers a seamless and familiar payment experience at premier destinations like Dubai Duty-Free. This collaboration aligns with our vision of providing Indians with a global digital payments acceptance network and enhancing their payment experience abroad. Furthermore, it paves the way for broader economic and cultural connections between India and the UAE.”

Salim Awan, Managing Director, Institutional Payments Solutions, Magnati, said, “With the NPCI International collaboration, Magnati has expanded its alternative payment channels network for Dubai Duty Free as this partnership aims to bolster digital payments, facilitate cross border payments and provide a seamless payment experience catering to the Indian travellers and NRIs. This collaboration exemplifies our commitment to innovative digital solutions and create value through a globally connected ecosystem.”

Ramesh Cidambi, Chief Executive Officer, Dubai Duty Free, said, “Magnati’s partnership strongly connects to its commitment to innovation and customer-centric solutions. By integrating UPI into its payment acceptance ecosystem, Magnati is demonstrating its position as a trusted partner for businesses across the UAE, enabling quick, hassle-free, and secure payment experiences for both merchants and customers.”

By expanding UPI acceptance into key markets like the UAE, NPCI International is showcasing India’s leadership in digital payment innovation on a global stage. It will set a benchmark for cross-border payment interoperability and help build stronger economic and cultural ties between India and the world.

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