NPCI ties up with HSBC India to enable real-time forex settlement to simplify international UPI payments
New Delhi [India], July 1 (ANI): The National Payments Corporation of India (NPCI) on Wednesday announced a strategic partnership with HSBC India to provide real time foreign exchange (FX) settlement for cross-border payments. This collaboration aims to make international UPI payments more seamless for the Indians travelling overseas.
According to an NPCI release, UPI is now live in nine countries including Singapore, the United Arab Emirates, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar and Cambodia enabling Indian travellers to make QR code-based payments directly from their Indian bank accounts in Indian Rupees (INR).
