NIPL Signs Agreement with Malaysia’s PayNet for Cross-Border QR Payments
In February 2026, NPCI International Payments Limited (NIPL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), national payments infrastructure operator of Malaysia.
Key Details of Agreement:
Purpose: The collaboration aims to enable Quick Response (QR) code based merchant transaction payments between India and Malaysia.
Phased Implementation: Under Phase 1, Indian visitors in Malaysia will be able to use their Unified Payments Interface (UPI)-enabled application(apps) such as Google (G) Pay, PhonePe, Paytm, to pay at Malaysian merchants that accept the Malaysia’s DuitNow QR code by scanning the QR, without needing cash or foreign cards.
In February 2026, NPCI International Payments Limited (NIPL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), national payments infrastructure operator of Malaysia.
Key Details of Agreement:
Purpose: The collaboration aims to enable Quick Response (QR) code based merchant transaction payments between India and Malaysia.
Phased Implementation: Under Phase 1, Indian visitors in Malaysia will be able to use their Unified Payments Interface (UPI)-enabled application(apps) such as Google (G) Pay, PhonePe, Paytm, to pay at Malaysian merchants that accept the Malaysia’s DuitNow QR code by scanning the QR, without needing cash or foreign cards.
- Under Phase 2, Malaysians visiting India will be able to scan UPI QR codes at merchant locations in India and pay using their DuitNow-linked apps or wallets.
Global Expansion of UPI: The UPI payments can now be made in multiple countries, including Malaysia, the United Arab Emirates (UAE), Nepal, Mauritius, Singapore, France, and Bhutan, reflecting its growing international acceptance.
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