India’s government and the Reserve Bank of India (RBI) are in discussions with Ant International to allow Alipay+ integration with India’s digital payments ecosystem. The move aims to facilitate seamless cross-border transactions, boost tourism, and strengthen India’s position in the global fintech landscape, according to exclusive sources.
India is exploring a significant step in digital finance by considering the integration of Alipay+, Ant International’s cross-border payment platform, with its domestic digital payments system. Sources reveal that the government and the RBI are engaged in advanced talks to enable this linkage, which could transform how international travelers and businesses transact in India.
The initiative is expected to enhance India’s Unified Payments Interface (UPI) framework, making it more accessible to global users while supporting cross-border commerce. By linking Alipay+ with UPI, India could simplify transactions for tourists, international students, and businesses, while also strengthening its fintech ecosystem.
Key highlights from the announcement include
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Government of India and RBI in talks with Ant International.
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Proposal to link Alipay+ with India’s digital payments system.
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Integration aimed at enabling seamless cross-border transactions.
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Expected to benefit tourists, international students, and businesses.
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Move could boost India’s fintech leadership and global payment connectivity.
Industry experts note that this collaboration, if finalized, would mark a milestone in India’s digital payments journey, aligning with its vision of becoming a global hub for financial technology innovation.
Sources: Reuters, Economic Times, Business Standard