New Delhi, February 13 NPCI International Payments Ltd (NIPL), the international arm of NPCI, has signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), Malaysia's national payment network, to enable QR-based merchant payments between India and Malaysia.
The rollout of this initiative will happen in a phased manner, National Payments Corporation of India (NPCI) said in a statement.
In the first phase, Indian travelers visiting Malaysia will be able to use their UPI apps to make seamless cross-border merchant payments at DuitNow QR acceptance points, it said.
"DuitNow QR is Malaysia's national QR standard, operated by PayNet. In the subsequent phase, Malaysians visiting India will be able to scan UPI QR codes to make merchant payments using their DuitNow apps," it said.
With this integration, Indian tourists will gain access to millions of DuitNow QR merchant locations in Malaysia, across restaurants, retail stores, tourist attractions, and other establishments, it said.
Similarly, Malaysian visitors to India will benefit from acceptance at millions of UPI QR-enabled merchant locations across the country, it said.
The collaboration between NPCI International and PayNet Malaysia strengthens cross-border payment connectivity between India and Malaysia by enabling interoperable QR payment infrastructure that supports secure, efficient, and seamless merchant payments for travelers in both countries, it added.