3 months ago
2
MUMBAI
NPCI International Payments Ltd (NIPL), the planetary limb of the National Payments Corporation of India (NPCI), has signed an statement with Payments Network Malaysia Sdn Bhd (PayNet) – Malaysia’s nationalist payments network, to alteration QR‑based merchant payments betwixt India and Malaysia.
The rollout volition hap successful a phased manner. In the archetypal phase, Indian travellers visiting Malaysia volition beryllium capable to usage their UPI apps to marque seamless transverse borderline merchant payments astatine DuitNow QR acceptance touchpoints. DuitNow QR is Malaysia’s nationalist QR standard, operated by PayNet.
In the consequent phase, Malaysians visiting India volition beryllium capable to scan UPI QR codes to marque merchant payments utilizing their DuitNow apps. With this integration, Indian tourists volition summation entree to millions of DuitNow QR merchant touchpoints successful Malaysia, crossed restaurants, retail stores, tourer attractions, and different establishments, NIPL said.
Similarly, Malaysian visitors to India volition payment from acceptance astatine millions of UPI QR‑enabled merchant locations crossed the country, it said.
Ritesh Shukla, MD & CEO, NPCI International, said, “Under the guidance of Government of India and Reserve Bank of India, we purpose to grow the planetary footprint of UPI gathering interoperable, real-time outgo ecosystems with starring outgo networks worldwide.”
“Our concern with PayNet marks an important measurement successful enabling seamless QR-based merchant payments betwixt India and Malaysia, offering travellers a familiar, secure, and convenient outgo experience. This collaboration reinforces our committedness to simplifying cross-border payments portion strengthening integer and economical connectivity betwixt the 2 countries,” helium said.
Praveen Rajan, CEO of PayNet said, “This statement reflects however the nationalist payments infrastructure tin enactment mundane cross-border payments astatine scale. Once enabled, the linkage betwixt Malaysia’s DuitNow QR and India’s UPI volition fortify outgo connectivity for travellers, merchants, banks and the wider fiscal services ecosystem.”
“In the discourse of Visit Malaysia 2026 and increasing two-way travel, this collaboration contributes to broader commercialized and economical enactment betwixt Malaysia and India,” helium added.
