NPCI International Payments Ltd (NIPL) partners with Uzbekistan's National Interbank Processing Centre (NIPC) to enable UPI payments via UZQR

Key facts

• NPCI International Payments Ltd (NIPL) and Uzbekistan's National Interbank Processing Centre (NIPC) have entered a commercial partnership to enable UPI payments across Uzbekistan through the UZQR interoperable QR network.
• The partnership allows Indian travellers to use UPI-enabled apps to scan UZQR codes and make instant payments to merchants across Uzbekistan.
• UPI is India's real-time payments platform that connects hundreds of Indian banks through a single interface and processes more than 18 billion transactions each month in India.
• The deal received regulatory clearances from the Reserve Bank of India (RBI) and the Central Bank of Uzbekistan, which designated HUMO as NIPL's authorised partner for cross-border merchant acceptance.
• UPI is currently accepted in ten countries, including Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia and Greece.