Abhishek012
TF Pioneer
Soon, we can pay through UPI, RuPay Cards in Global E-commerce websites:
NPCI arm partners UK fintech PPRO for UPI use in global e-commerce.
Consumers can seamlessly make cross-border purchases in Indian Rupees using their preferred electronic payment method.
Mumbai: NPCI International, the global arm of the National Payments Corporation of India, has partnered with UK-based digital payments infrastructure provider PPRO to enable UPI's (Unified Payment Interface) acceptance in international e-commerce.
With this agreement, India will be added to PPRO's Local Payment Method (LPM) coverage map, enabling RuPay card and UPI acceptance across PPRO's global clients, such as payment service providers (PSPs) and international merchant acquirers.
Through this partnership, any enterprise with a payment platform, including payment service providers, banks, and payment gateways, can service international e-commerce merchants who sell to Indian consumers. Consumers can seamlessly make cross-border purchases in Indian Rupees using their preferred electronic payment method.
Benefit For Indian Consumers
The partnership between NIPL and PPRO will empower the global PSPs, Banks, payment gateways, and enterprises with payment platforms to expand globally giving international e-commerce merchants access to Indian consumers. For consumers, this means they can seamlessly make cross border purchases in Indian Rupees using the payment method.
Simon Black, CEO-PPRO, said, “International payment service providers and their merchants can now easily tap into an e-commerce market that is expected to reach an estimated $111 billion next year, and predicted to almost double to $200 billion by 2026. By integrating UPI into PPRO’s digital payments infrastructure through a single connection, we have removed all the operational complexity for our partners to sell cross-border into India at scale.”
Ritesh Shukla, CEO-NIPL, said, “UPI has revolutionised the digital payments landscape in India and is respected globally for its role in simplifying and democratising payments. By partnering with PPRO, a market leader in the payments infrastructure space, which powers a vast PSP and merchant network, Indian consumers will now be able to shop online with merchants around the world and pay safely and easily using UPI.”
NPCI arm partners UK fintech PPRO for UPI use in global e-commerce.
Consumers can seamlessly make cross-border purchases in Indian Rupees using their preferred electronic payment method.
Mumbai: NPCI International, the global arm of the National Payments Corporation of India, has partnered with UK-based digital payments infrastructure provider PPRO to enable UPI's (Unified Payment Interface) acceptance in international e-commerce.
With this agreement, India will be added to PPRO's Local Payment Method (LPM) coverage map, enabling RuPay card and UPI acceptance across PPRO's global clients, such as payment service providers (PSPs) and international merchant acquirers.
Through this partnership, any enterprise with a payment platform, including payment service providers, banks, and payment gateways, can service international e-commerce merchants who sell to Indian consumers. Consumers can seamlessly make cross-border purchases in Indian Rupees using their preferred electronic payment method.
Benefit For Indian Consumers
The partnership between NIPL and PPRO will empower the global PSPs, Banks, payment gateways, and enterprises with payment platforms to expand globally giving international e-commerce merchants access to Indian consumers. For consumers, this means they can seamlessly make cross border purchases in Indian Rupees using the payment method.
Simon Black, CEO-PPRO, said, “International payment service providers and their merchants can now easily tap into an e-commerce market that is expected to reach an estimated $111 billion next year, and predicted to almost double to $200 billion by 2026. By integrating UPI into PPRO’s digital payments infrastructure through a single connection, we have removed all the operational complexity for our partners to sell cross-border into India at scale.”
Ritesh Shukla, CEO-NIPL, said, “UPI has revolutionised the digital payments landscape in India and is respected globally for its role in simplifying and democratising payments. By partnering with PPRO, a market leader in the payments infrastructure space, which powers a vast PSP and merchant network, Indian consumers will now be able to shop online with merchants around the world and pay safely and easily using UPI.”
