Cross border digital payment service provider Liquid Group signed
memorandum of understanding (MoU) with NIPL in September 2021 to introduce UPI based
QR code payment system in Singapore, Malaysia, Thailand, Philippines,
Vietnam, Cambodia,
Hong Kong,
Taiwan,
South Korea, and Japan from 2022.
[140][141] NIPL signed MoU with
Arab Monetary Fund (AMF) on 8 March 2022 to link UPI with Buna Payment Platform that is connected with the central banks and financial institutions from Arab region. This will help in cross border multi currency transaction.
[142][143] Till 4 July 2022, India already initiated talks with 30 countries for UPI integration.
[144]