NPCI International Payments (NIPL), the international branch of the National Payments Corporation of India (NPCI), has teamed with Liquid Group, a cross-border digital payments provider, to allow QR-based UPI payments to be accepted in ten countries spanning north and southeast Asia.
The Liquid Group, based in Singapore, runs a QR payment network that allows payment schemes and digital payment apps to be accepted across borders. Payments companies in Singapore, Malaysia, Thailand, the Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan make up Liquid Group. Merchants who take QR payments will be able to accept UPI payments as well.
In the Middle East, NIPL had already worked with Mashreq Bank to accept UPI payments. Bhutan was the first neighboring country to utilize the UPI in July.