NPCI partners with HSBC India to enable real-time FX settlement for global UPI payments

New Delhi: The National Payments Corporation of India () Wednesday announced a strategic partnership with to provide real-time foreign exchange (FX) settlement for cross-border payments.

This collaboration aims to make international more seamless for Indians travelling abroad, a joint statement said.

The system is now live in nine countries, including Singapore, the United Arab Emirates, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar and Cambodia, enabling Indian travellers to make QR code-based payments directly from their Indian bank accounts in (INR), it said.

Building on this growing international footprint, the partnership with HSBC India will enhance the experience by bringing real-time FX pricing and greater transparency to international UPI transactions, it said.

Under this collaboration, HSBC India, as the banking partner, will provide real-time FX rates via a direct , allowing customers to see the exact INR amount they will pay at the point of transaction when making purchases abroad, the statement added.

The solution will allow international merchants and financial institutions to receive funds in their local currencies while simplifying the end-to-end settlement process.

The API-enabled , supported by HSBC India’s global payments capabilities and extensive international network, will enable secure, 24×7 cross-border payments, making international UPI transactions faster, more transparent and more convenient for users and ecosystem participants across markets, it said.