Fintech player Razorpay, through its Malaysian entity Curlec, has partnered with NPCI International Payments (NIPL) to enable Unified Payments Interface (UPI) transactions for Indian travellers in Malaysia, the company said on October 30.
The partnership will allow users to make instant payments to Malaysian businesses using their preferred UPI apps, with transactions settled in Ringgit, the local currency.
The move expands UPI’s global reach and marks Razorpay’s first cross-border integration. Over one million Indian tourists had visited Malaysia in 2024, spending over Rs 11,000 crore, underscoring the potential for UPI to simplify payments, reduce foreign exchange cost and improve merchant acceptance.
Shashank Kumar, MD and Co-founder of Razorpay said the collaboration aims to bring “

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