NIPL to expand Rupay & UPI globally
Hyderabad: NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India, and PPRO, a leading global provider of local payments infrastructure, on Wednesday signed a memorandum of understanding (MoU) to partner together to expand and empower international growth of India's digital payments ecosystem.
Ritesh Shukla, CEO, NIPL, said: "The strategic collaboration with PPRO will result in a significant increase in online acceptance of RuPay Cards and UPI powered Apps, which in turn will empower Indian consumers to continue using their preferred payment modes hassle-free across the globe.
We are confident that our proven product capabilities, combined with the vast merchant network of PPRO, will enable acceptance and scale-up in online markets."
The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients such as payment service providers (PSPs) and global merchant acquirers. The partnership will drive NIPL's continued expansion into foreign markets and will add India to PPRO's Local Payment Method (LPM) coverage map.