NPCI International Payments Limited (NIPL) has joined forces with Singapore-based payments firm HitPay to expand Unified Payments Interface (UPI) acceptance in Singapore.
This collaboration will provide Indian travellers to make QR code-based payments at various venues across Singapore.
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The aim is to roll out UPI acceptance “progressively” to over 12,000 merchants in Singapore.
This move is designed to offer Indian tourists a familiar payment experience abroad and provide Singaporean businesses with a new online and offline payment option to serve Indian consumers.
NPCI International CEO Ritesh Shukla 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”.
HitPay CEO and co-founder Aditya Haripurkar stated: “UPI has transformed India’s payment landscape with unmatched speed, simplicity, and scalability. 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.”
HitPay is licenced in six jurisdictions such as Australia, Singapore, Malaysia, and the Philippines, it enables businesses’ access to digital payments
In January this year, NIPL collaborated with Magnati, a Middle Eastern payment solutions provider, to extend QR-based UPI merchant payments in the UAE.
This alliance integrates UPI with Magnati’s point-of-sale terminals in the region.
In 2020, NIPL was established as a subsidiary of NPCI with the goal of globalising RuPay and UPI, as well as other NPCI services, to tap into international markets.
