{"id":4634,"date":"2025-10-30T06:41:57","date_gmt":"2025-10-30T06:41:57","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4634"},"modified":"2025-10-30T06:41:57","modified_gmt":"2025-10-30T06:41:57","slug":"say-hello-to-upi-in-malaysia-razorpay-curlec-team-up-with-npci-international-to-make-it-happen","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/say-hello-to-upi-in-malaysia-razorpay-curlec-team-up-with-npci-international-to-make-it-happen\/","title":{"rendered":"Say Hello to UPI in Malaysia! Razorpay Curlec Team Up with NPCI International to Make It Happen"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Indian travelers visiting Malaysia will soon be able to pay local merchants directly through their preferred UPI apps, with transactions settled instantly in Malaysian ringgit<\/span><\/i><\/li>\n<\/ul>\n<p><b>INDIA, Bengaluru \u2013 30th October 2025:<\/b><span style=\"font-weight: 400;\"> A major leap in taking India\u2019s digital payment innovation global,<\/span> <a href=\"https:\/\/razorpay.com\/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=RPSME-RPPerf-GSearchBrand-Prospect-Dweb-Core&amp;utm_adgroup=brandsearch_core_exact&amp;utm_content=RPSME-Brand-010223&amp;utm_term=razorpay&amp;utm_gclid=CjwKCAjw0sfHBhB6EiwAQtv5qTejzUv0j5kSbvHzsZvcUUW9aDUSP6JdtW0xm3OUSq35TQeYY_sebxoCjTIQAvD_BwE&amp;utm_campaignID=400139470&amp;utm_adgroupID=27293859910&amp;utm_adID=689518700854&amp;utm_network=g&amp;utm_device=c&amp;utm_matchtype=e&amp;utm_devicemodel=&amp;utm_adposition=&amp;utm_location=9062038&amp;gad_source=1&amp;gad_campaignid=400139470&amp;gbraid=0AAAAADdXWPqQLxM2wJNNPm6dnvzJTWHzw&amp;gclid=CjwKCAjw0sfHBhB6EiwAQtv5qTejzUv0j5kSbvHzsZvcUUW9aDUSP6JdtW0xm3OUSq35TQeYY_sebxoCjTIQAvD_BwE\"><b>Razorpay<\/b><\/a><b>,<\/b><span style=\"font-weight: 400;\"> India\u2019s Leading Omnichannel Payments and Banking Platform for Businesses,<\/span><b> paves the way for UPI payments in Malaysia, through its entity Curlec, in partnership with NPCI International Payments Limited (<\/b><a href=\"https:\/\/www.nipl.com\/\" target=\"_blank\" rel=\"noopener\"><b>NIPL<\/b><\/a><b>)<\/b><span style=\"font-weight: 400;\">.<\/span> <span style=\"font-weight: 400;\">This partnership with NIPL, formalised at the recent <\/span><a href=\"https:\/\/www.globalfintechfest.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Global Fintech Fest\u2019 2025<\/span><\/a><span style=\"font-weight: 400;\">, not only strengthens Razorpay\u2019s global footprint but also expands UPI acceptance beyond borders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This integration will allow millions of Indian travellers to make instant, secure payments to local Malaysian businesses using their preferred UPI apps &#8211; ushering in a new era of seamless cross-border transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2024, over <\/span><a href=\"https:\/\/www.tourism.gov.my\/media\/view\/malaysia-welcomes-1-million-india-tourists\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">one million<\/span><\/a><span style=\"font-weight: 400;\"> Indian tourists visited Malaysia and spent over 110 billion &#8211; a 71.7% surge from the previous year, underscoring India\u2019s growing influence as a key driver of regional travel and economic activity.<\/span><b> As travel between India and Malaysia continues to rise, there is a growing scope to make cross-border transactions more seamless, reducing dependence on cash, minimising foreign exchange costs, and improving payment acceptance for travellers and businesses alike.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, <\/span><b>UPI,<\/b><span style=\"font-weight: 400;\"> India\u2019s flagship real-time payment system, has transformed the way Indian businesses and consumers transact <\/span><b>&#8211;<\/b> <b>processing around 20 billion transactions in September 2025<\/b><span style=\"font-weight: 400;\"> &#8211; enabling instant, secure money transfers at an unmatched scale. By connecting to this powerful ecosystem, Malaysian businesses can tap into a rapidly growing base of Indian travellers who trust the ease of UPI payments &#8211; unlocking new revenue streams with minimal friction while benefiting from local settlement and compliance.<\/span><\/p>\n<p><b>Through this first-of-its-kind partnership, Indian visitors will soon be able to pay instantly using UPI-enabled apps to Malaysian merchants<\/b><span style=\"font-weight: 400;\">, who will accept payments directly via Razorpay Curlec\u2019s platform &#8211; settled in ringgit (RM), without the need for international cards or extra integration. This partnership showcases India\u2019s leadership in digital payments by <\/span><b>extending the power of UPI<\/b><span style=\"font-weight: 400;\"> &#8211; one of the world\u2019s most advanced real-time payment systems &#8211;<\/span><b> beyond its borders, enabling seamless, instant, and inclusive cross-border commerce with Malaysia\u2019s growing digital economy.<\/b><\/p>\n<p><b>Excited to bring UPI to Malaysia, Shashank Kumar, MD &amp; Co-founder, Razorpay<\/b><span style=\"font-weight: 400;\"> said, <\/span><i><span style=\"font-weight: 400;\">\u201cUPI has totally changed the way India pays, showing what\u2019s possible when innovation and inclusion come together at scale. Now, with Curlec, we\u2019re bringing that same energy to Malaysia &#8211; helping businesses and travelers enjoy the speed, trust, and simplicity that make India\u2019s digital payments so powerful. This isn\u2019t just about payments; it\u2019s about creating a truly borderless fintech future across Asia.\u201d<\/span><\/i><\/p>\n<p><b>Ritesh Shukla, Managing Director &amp; Chief Executive Officer of NPCI International Payments Limited<\/b><span style=\"font-weight: 400;\"> (NIPL), said, <\/span><i><span style=\"font-weight: 400;\">\u201cUPI has transformed the way India pays, setting a global benchmark for speed, security, and interoperability. Extending its reach to Malaysia through this partnership with Razorpay Curlec will allow millions of Indian travellers to pay with the same convenience they have at home, and enables Malaysian merchants to benefit from a trusted payments network. It is a win for both economies and a major stride in strengthening digital cooperation across Asia.\u201d<\/span><\/i><\/p>\n<p><b>Kevin Lee, Country Head and CEO of Razorpay Curlec, said,<\/b> <i><span style=\"font-weight: 400;\">\u201cIndian travellers represent one of the fastest-growing visitor groups to Malaysia, yet many still rely on cash or face high fees when using international cards. <\/span><\/i><b><i>By enabling UPI payments, we will make it easier for them to spend and easier for Malaysian businesses to earn<\/i><\/b><i><span style=\"font-weight: 400;\">. It is a meaningful step toward frictionless payments and a stronger, digitally connected economy. Looking ahead, we are committed to driving continuous innovation that deepens financial inclusion and positions Malaysia as a leading hub for seamless cross-border commerce.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Razorpay has been a pioneer in supporting businesses to adopt India\u2019s UPI system, driving innovations like UPI AutoPay, Turbo UPI, and the UPI Switch to boost transaction success. Powering millions of businesses across payments, payroll, banking, and cross-border services, Razorpay continues to deliver cutting-edge solutions &#8211; such as India\u2019s first <\/span><b>Agentic Payments on ChatGPT<\/b><span style=\"font-weight: 400;\">, the first <\/span><b>MCP server for AI-based payment integrations<\/b><span style=\"font-weight: 400;\">, and the country\u2019s first <\/span><b>Biometric Card Authentication system<\/b><span style=\"font-weight: 400;\">. Its partnership with NIPL in Malaysia extends this fintech leadership, bringing India\u2019s innovation to new markets and setting a new standard for seamless, inclusive digital commerce across Asia.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">***<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian travelers visiting Malaysia will soon be able to pay local merchants directly through their preferred UPI apps, with transactions settled instantly in Malaysian ringgit INDIA, Bengaluru \u2013 30th October 2025: A major leap in taking India\u2019s digital payment innovation global, Razorpay, India\u2019s Leading Omnichannel Payments and Banking Platform for Businesses, paves the way for<\/p>\n","protected":false},"author":14,"featured_media":4635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[30],"tags":[33,96,208],"class_list":{"0":"post-4634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured-stories","8":"tag-razorpay","9":"tag-razorpay-curlec","10":"tag-razorpay-npci"},"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4634"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4634\/revisions"}],"predecessor-version":[{"id":4636,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4634\/revisions\/4636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4635"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}