Fintech player Razorpay, through its Malaysian entity Curlec, has partnered with NPCI International Payments (NIPL) to enable Unified Payments Interface (UPI) transactions for Indian travellers in Malaysia, the company said on October 30.
The partnership will allow users to make instant payments to Malaysian businesses using their preferred UPI apps, with transactions settled in Ringgit, the local currency.
The move expands UPI’s global reach and marks Razorpay’s first cross-border integration. Over one million Indian tourists had visited Malaysia in 2024, spending over Rs 11,000 crore, underscoring the potential for UPI to simplify payments, reduce foreign exchange cost and improve merchant acceptance.
Shashank Kumar, MD and Co-founder of Razorpay said the collaboration aims to bring “speed, trust, and simplicity” of India’s digital payments to Malaysia.
“This isn’t just about payments; it’s about creating a truly borderless fintech future across Asia,” said the Razorpay co-founder.
Ritesh Shukla, MD and CEO of NIPL said the tie-up would let Indian travellers pay with the same convenience they enjoy in India while helping Malaysian merchants tap into a trusted payment network.
Razorpay Curlec will soon become one of the first Malaysian payment service providers to support UPI acceptance. The integration is part of Razorpay’s broader effort to expand cross-border fintech infrastructure and extend India’s digital payment innovations to global markets.
UPI’s global footprint has been steadily expanding through NPCI International’s partnerships with several countries. The payment system is already live in markets such as Singapore, France, UAE, Bhutan, Nepal and Mauritius, where Indian travellers can make payments directly via UPI apps at select merchants.
Similar collaborations are underway in Sri Lanka and other regions as India pushes to make UPI a preferred mode for cross-border digital payments. With Malaysia now joining the list, UPI’s growing adoption highlights India’s emergence as a global fintech exporter.
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