India’s NCPI Signs First Deal With UK Acquirer

August 23, 2022
Back
It will soon be possible for Unified Payments Interface and RuPay customers to make in-store payments in the UK through PayXpert’s solution, the National Payments Corporation of India (NCPI) has announced.

It will soon be possible for Unified Payments Interface (UPI) and RuPay customers to make in-store payments in the UK through PayXpert’s solution, the National Payments Corporation of India (NCPI) has announced.

The NCPI, whose UPI solution has 100m active users per month in India, has signed a memorandum of understanding with PayXpert, to internationalise the acceptance of its payment solutions in the UK.

This collaboration will make the Indian payment solutions available in the UK on all PayXpert’s android point-of-sale (POS) devices for in-store payments, starting with UPI-based QR code payments and later integrating the possibility for RuPay card payments.

RuPay is India’s global card payment network, with more than 700m cards issued to date.

“We are excited to announce that we have partnered with PayXpert as our very first acquirer for UPI in the UK. With this development, Indians travelling to the UK will be able to enjoy the benefits of UPI’s payments platform through PayXpert’s POS devices,” said NCPI International’s Anubhav Sharma.

“This collaboration is an important milestone for us and we plan on augmenting the facility of RuPay card payments in the near future.”

PayXpert first launched in 2009 and has cemented itself as a global payments company with bases in the UK, France, Spain and Taiwan.

It is also a direct member of the payment schemes Discover, UnionPay, WeChat Pay and Alipay.

“The UPI and the RuPay payment schemes are great names to add to PayXpert’s portfolio of international payment options available on our POS devices,” said David Armstrong, the company’s managing director. “It will open up a new field of opportunity for us in the UK and further strengthen the capability of our solution for UK merchants.”

The UK, which is home to 1.4m people of Indian origin, as well as migrants, also sees more than half a million Indians visit every year, including more than 100,000 international students.

And over the next few years, the NCPI and PayXpert expect this number to grow exponentially.

The partnership has been created to provide Indian travellers with a familiar and convenient way to make payments in the UK, according to the NCPI.

Earlier this summer, the NCPI signed a memorandum of understanding with France’s Lyra network. It has further partnerships with companies in Singapore, the United Arab Emirates and Nepal.

Our premium content is available to users of our services.

To view articles, please Log-in to your account, or sign up today for full access:

Opt in to hear about webinars, events, industry and product news

To find out more about Vixio, contact us today
No items found.