Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    ICICI Bank launches digital solutions for participants of capital market and custody services

    March 10, 2023

    L&T Finance adds 29 lakh customers in Micro Loans biz between April 2022 to January 2023

    March 10, 2023

    Cashfree Payments acquires one-click checkout company, Zecpe to strengthen its D2C Payments Suite

    March 5, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » TerraPay and NPCI International collaborate to drive seamless merchant payments via UPI-enabled QR codes
    Banking

    TerraPay and NPCI International collaborate to drive seamless merchant payments via UPI-enabled QR codes

    In this intended collaboration, both companies NPCI & TerraPay will work together to further empower Indian customers with active UPI Ids (350 million bank accounts) to be able to transact at QR locations enabled by TerraPay, globally. 
    September 26, 20222 Mins ReadBy Bfsinxt Desk
    Twitter LinkedIn WhatsApp

    In a strategic move to further strengthen its cross-border payment solutions, TerraPay, a leading global payments infrastructure group recently announced its partnership with NPCI International Payments Limited (NIPL), the International arm of National Payments Corporation of India (NPCI).

    This association with NIPL will allow Indian customers and merchants in India with an active Unified Payments Interface Id (UPI Id) to make and accept cross-border payments seamlessly by leveraging TerraPay’s agile infrastructure and the UPI network.

    In this intended collaboration, both companies will work together to further empower Indian customers with active UPI Ids (350 million bank accounts) to be able to transact at QR locations enabled by TerraPay, globally. 

    Globally, TerraPay processes pay-outs into 4.5Bn+ bank accounts and 1.5Bn+ mobile wallets. With the vision to foster financial inclusion, residents, POIs, and the Indian diaspora will be able to send money to India by using TerraPay’s agile, transparent and real-time payment highway, NPCI added in the statement.

    Ritesh Pai, President-Product & Solutions, TerraPay said, “Our ambition and aim is to collaborate and develop faster, more innovative, and transparent cross-border payment solutions. This effort is with an intent to establish the foundation of a new reality. We will act as a catalyst whether it’s enabling interoperability between schemes or countries by bringing in ubiquity, convenience, scale, transparency, and affordability. Our partnership with NIPL is one such strong step to make cross-border payments, immediate, cost-effective, accessible for all, and settled in a secure medium thus adding value to the global payments ecosystem.”

    Anubhav Sharma, Head International Business – Partnership, Business Development & Marketing commented, “At NIPL, we are aiming to take the solutions that NPCI has built and established in India to international markets and build a truly interoperable global payments system with other participating nations. We are actively engaging with partners across the world to build partnerships in areas of cross-border acceptance and remittances. With this strategic partnership with TerraPay, we are looking to enhance the overall customer value proposition and provide user-friendly, convenient transaction alternatives to consumers, globally.”

     

    NPCI
    Previous ArticleICICI Bank launches ‘Festive Bonanza’, a bouquet of special offers for its customers
    Next Article Kotak Group Announces Key Leadership Changes
    Bfsinxt Desk

    Related Posts

    ICICI Bank launches digital solutions for participants of capital market and custody services

    March 10, 2023

    Mastercard and Obopay launches a unique prepaid card to power financial inclusion

    February 26, 2023

    YES BANK adopts Bloomberg’s MARS to support transition to Risk-Free Rates

    February 20, 2023

    AU Small Finance Bank introduces menstrual leaves for women employees

    January 18, 2023

    Leave A Reply Cancel Reply

    Recent Posts

    • ICICI Bank launches digital solutions for participants of capital market and custody services
    • L&T Finance adds 29 lakh customers in Micro Loans biz between April 2022 to January 2023
    • Cashfree Payments acquires one-click checkout company, Zecpe to strengthen its D2C Payments Suite
    • Mastercard and Obopay launches a unique prepaid card to power financial inclusion
    • YES BANK adopts Bloomberg’s MARS to support transition to Risk-Free Rates

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    L&T Finance adds 29 lakh customers in Micro Loans biz between April 2022 to January 2023

    March 10, 2023

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    Piramal Finance launches ‘Innovation Lab’ in Bengaluru

    December 19, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.