NPCI International Payments Limited (NIPL) launches UPI in Cambodia

Key facts

• NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has partnered with ACLEDA Bank Plc to enable Unified Payments Interface (UPI) payments in Cambodia.
• The launch ceremony was held in Phnom Penh and attended by the Governor of the National Bank of Cambodia (NBC), H.E. Dr. Chea Serey, and representatives from the Reserve Bank of India (RBI).
• The first phase of the linkage utilizes KHQR, Cambodia's national QR code standard powered by the Bakong digital payment system, allowing Indian travellers to make payments at over 4.5 million merchants.
• The second phase of the project aims to establish a bi-directional payment corridor, enabling Cambodian citizens to use the Bakong-KHQR system to make payments at UPI QR codes in India.
• UPI is now accepted in nine countries: Singapore, United Arab Emirates (UAE), France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, and Cambodia.