#UPIinMalaysia #NPCIInternational #RazorpayCurlec #DigitalIndia #CrossBorderPayments #FintechPartnership #GlobalUPI #MalaysiaTourism #CashlessTravel
Chandigarh: NPCI International Payments Limited (NIPL), the global arm of India’s National Payments Corporation of India (NPCI), has formally partnered with Razorpay Curlec to enable UPI transactions in Malaysia.
This groundbreaking collaboration, announced at the Global Fintech Fest (GFF) 2025, marks a major step in expanding India’s digital payment ecosystem and will soon allow Indian travellers to make instant and secure payments to local Malaysian merchants using their familiar UPI-enabled apps. The transactions will be settled directly in Malaysian Ringgit (RM).
🚀 Seamless Payments for a Growing Tourist Base
The integration comes in response to soaring tourism; over one million Indian tourists visited Malaysia in 2024, marking a 71.7% increase from the previous year. This partnership aims to:
- Eliminate dependence on cash and minimize foreign exchange costs for visitors.
- Provide a secure, convenient, and instant payment method abroad.
- Enable Malaysian businesses across retail, travel, and hospitality to easily tap into the high-spending Indian tourist market.
🎙️ Voices on the Digital Bridge
Ritesh Shukla, MD & CEO of NIPL, emphasized the global mission: “Our partnership with Razorpay Curlec marks a major step in enabling UPI acceptance in Malaysia, offering Indian visitors a secure and convenient way to pay local merchants. This collaboration reflects our ongoing commitment to building a globally connected, inclusive, and interoperable payments ecosystem.”
Shashank Kumar, MD & Co-founder, Razorpay, highlighted the cultural and technological shift: “Now, with Curlec, we’re bringing that same energy to Malaysia – helping businesses and travellers enjoy the speed, trust, and simplicity that make India’s digital payments so powerful. This isn’t just about payments; it’s about creating a truly borderless fintech future across Asia.”
Kevin Lee, Country Head and CEO of Razorpay Curlec, noted the benefit for local commerce: “By enabling UPI payments, we will make transactions simpler for consumers and more rewarding for Malaysian businesses. It is a meaningful step toward frictionless payments and a stronger, digitally connected economy.”
This move solidifies UPI’s position as a global payment benchmark, facilitating seamless digital commerce between India and Malaysia.
#UPIinMalaysia #NPCIInternational #RazorpayCurlec #DigitalIndia #CrossBorderPayments #FintechPartnership #GlobalUPI #MalaysiaTourism #CashlessTravel
