NPCI International has signed an agreement with Acleda Bank to enable Unified Payments Interface (UPI) and KHQR acceptance in India and Cambodia. The partnership aims to strengthen cross-border digital payments, enhancing convenience for travelers, businesses, and consumers while deepening financial connectivity between the two nations.
NPCI International Payments Ltd (NIPL), the global arm of India’s National Payments Corporation of India, announced a strategic agreement with Cambodia’s Acleda Bank to facilitate seamless acceptance of UPI and KHQR payments across both countries. This collaboration is expected to boost digital transactions, promote financial inclusion, and support the growing demand for secure, real-time cross-border payment solutions.
Key highlights from the announcement include
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The agreement enables UPI acceptance in Cambodia and KHQR acceptance in India.
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Travelers and businesses will benefit from simplified, real-time digital transactions across borders.
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The partnership strengthens India’s push to internationalize UPI as a global payment standard.
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KHQR, Cambodia’s standardized QR code system, will now be interoperable with India’s UPI ecosystem.
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The initiative supports financial inclusion by expanding access to secure and affordable payment options.
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Industry experts view the collaboration as a milestone in building stronger fintech ties between India and Southeast Asia.
This agreement underscores the growing role of UPI in global digital payments and highlights India’s leadership in advancing interoperable, secure, and inclusive financial technologies. By linking UPI with KHQR, both countries are set to benefit from enhanced trade, tourism, and consumer convenience.
Sources: Reuters, Economic Times, Business Standard, Mint