Indian Consumers Soon Be Able To Make RuPay & UPI Transactions Internationally

PPRO, the pioneering international provider of local payments infrastructure, and NPCI International Payments Ltd (NIPL), the worldwide alliance of the National Payments Corporation of India, have signed a memorandum of understanding (MOU) to collaborate on expanding and empowering the global growth of India's digital payments space.

PPRO's international customers, like payment service providers (PSPs) and global merchant acquirers, would benefit from the collaboration, which aims to extend RuPay card and UPI support. This agreement will help NIPL continue to expand into new locations and will expand PPRO's Local Payment Method (LPM) service region to include India.

In an official announcement made on 17th November 2021 NIPL has said that the intended collaboration will empower the payment service providers, banks, gateways, and enterprises with payment platforms that depend on PPRO to expand their platforms internationally and beyond borders, giving their merchants access to Indian consumers who perform digital transactions using RuPay and UPI. More than a third of the 777 million Indian online consumers shop across borders, with nearly a half of all transactions taking place with online shops in the United States and China. Enabling merchants in these and many other countries to accept payments through RuPay card and UPI will increase consumer reach significantly.

Stefan Merz, Chief Strategy & Growth Officer at PPRO explains "Expansion into India's ecommerce market presents a huge growth opportunity for PPRO. The country's e-commerce landscape is worth 52.6 billion USD, predicted to increase to 120 billion USD in 20252 , and is made up of an online population of over 700+ million3 people, making it one of the largest in the world. However, like all emerging markets, while India presents great opportunities for merchants, it also has its set of complexities. Our strategic partnership with NPCI International helps navigate through market intricacies and opens up the Indian market for our PSP partners and their global merchants, helping them to benefit from the high potential that the country has to offer."

Speaking on the partnership Ritesh Shukla, CEO, NIPL, said "We believe this strategic collaboration with PPRO will result in a significant increase in online acceptance of RuPay Cards and UPI powered Apps, which in turn will empower Indian consumers to continue using their preferred payment modes hassle-free across the globe. We are confident that our proven product capabilities, combined with the vast merchant network of PPRO, will enable acceptance and scale-up in online markets. We are excited about our partnership with PPRO, which will enable consumers from India transact seamlessly using NPCI's world-renowned platforms and deliver seamless user experience."