NPCI announced on July 1 that HSBC India and JP Morgan Payments will supply real-time foreign exchange rates via direct API integration for international UPI transactions. Users paying at overseas merchants will see the exact rupee debit amount before confirming a transaction.
International UPI transaction volumes nearly doubled from 750,000 in FY25 to 1.48 million in FY26. Transaction value rose 28% to Rs 330.43 crore from Rs 258.53 crore in the prior year.
UPI merchant payments are live in nine countries: Singapore, the UAE, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar, and Cambodia. NPCI International is expanding to Japan, the Maldives, and Greece.