Indian Tourists In The UK Can Soon Pay With UPI And RuPay As NPCI Signs With PayXpert

Indian Tourists In The UK Can Soon Pay With UPI And RuPay As NPCI Signs With PayXpert
Indian Tourists In The UK Can Soon Pay With UPI And RuPay As NPCI Signs With PayXpert

Categories :

By citiesabc news - Aug 22, 2022
India’s NPCI International signs PayXpert as UK’s first acquirer for UPI and RuPay.

It will soon be possible for UPI and RuPay customers to make in-store payments in the UK through PayXpert’s solution.

Indian Tourists In The UK Can Soon Pay With UPI And RuPay As NPCI Signs With PayXpert
NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI), the organisation behind the world’s largest real-time payment solution, the Unified Payments Interface (UPI) and the RuPay card Scheme, has today signed an MoU confirming a partnership with the payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK.
This collaboration will make the Indian payment solutions available in the UK on all PayXpert’s android point-of-sale (POS) devices for in-store payments, starting with UPI-based QR code payments and later integrating the possibility for RuPay card payments.
UPI is amongst the most successful real-time payments (RTP) systems globally, providing – simplicity, safety, and security in person-to-person (P2P) and person-to-merchant (P2M) transactions in India.

UPI has achieved a volume of US$ 940Bn (39Bn transactions) in 2021, equivalent to 31% of India’s GDP. RuPay is the first-of-its-kind Global Card payment network from India with over 700 million cards issued to date.

Every year over half a million Indians travel to the UK including over one hundred thousand students. Over the next few years, this number is expected to grow exponentially. This partnership will provide Indian travellers with a familiar and convenient way to make payments in the UK. The UPI and RuPay payment options are set to benefit both consumers and retailers across the UK while providing a welcome boost to commerce across the retail, hospitality, and tourism sectors.

Commenting on the partnership, David Armstrong, Managing Director, PayXpert in the UK said, “The UPI and the RuPay payment schemes are great names to add to PayXpert’s portfolio of international payment options available on our POS devices. It will open up a new field of opportunity for us in the UK and further strengthen the capability of our solution for UK merchants.”

Adding to this Anubhav Sharma, Head of International Business - Partnership, Business Development & Marketing, NPCI International said, “We are excited to announce that we have partnered with PayXpert as our very first acquirer for UPI in the UK. With this development, Indians travelling to the UK will be able to enjoy the benefits of UPI’s payments platform through PayXpert’s POS devices. This collaboration is an important milestone for us and we plan on augmenting the facility of RuPay card payments in the near future.”

Tags

To Reach 100-Plus Innovators: Paris Blockchain Week and Google Cloud Launch Web3 Startup Competition

To Reach 100-Plus Innovators: Paris Blockchain Week and Google Cloud Launch Web3 Startup Competition

Feb 03, 2023
Major Web3 Industry Trends That Businesses Should Be Aware Of

Major Web3 Industry Trends That Businesses Should Be Aware Of

Feb 03, 2023
Digital Twins and BIM To Revolutionise The Construction Industry: Dinis Guarda Interviews Former Digital Transformation And BIM Manager At Roads And Transport Authority (RTA), Dubai, Wajdi Mereb

Digital Twins and BIM To Revolutionise The Construction Industry: Dinis Guarda Interviews Former Digital Transformation And BIM Manager At Roads And Transport Authority (RTA), Dubai, Wajdi Mereb

Feb 01, 2023
The Next Step in Democratizing Web3: ConsenSys Launches MetaMask Learn

The Next Step in Democratizing Web3: ConsenSys Launches MetaMask Learn

Jan 31, 2023
From VR To The Metaverse: This is How New Tech Is Improving Our Healthcare

From VR To The Metaverse: This is How New Tech Is Improving Our Healthcare

Jan 27, 2023
Which Maryland City Has The Least and Most Expensive Car Insurance?

Which Maryland City Has The Least and Most Expensive Car Insurance?

Jan 26, 2023
Why Paris Is A Hub For Talents And Development In The Blockchain Industry

Why Paris Is A Hub For Talents And Development In The Blockchain Industry

Jan 26, 2023
An Effective Education In Medicine With AR, VR, And The Metaverse: Dinis Guarda Interviews Danny Goel, Founder Of PrecisionOS

An Effective Education In Medicine With AR, VR, And The Metaverse: Dinis Guarda Interviews Danny Goel, Founder Of PrecisionOS

Jan 25, 2023
Innovation Indices And Its Impact On Global Investment

Innovation Indices And Its Impact On Global Investment

Jan 24, 2023
Sustainability, SDGs and Tech Initiatives at the WEF in Davos

Sustainability, SDGs and Tech Initiatives at the WEF in Davos

Jan 20, 2023