Worldline And NPCI Tie Up For Expansion Of UPI And RuPay Services

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Worldline And NPCI Tie Up For Expansion Of UPI And RuPay Services
13 Oct 2022
5 min read

News Synopsis

Worldline, a global payment service provider across Europe, has tied up with NPCI International Payments to expand the acceptance of Indian payment instruments. International Payments is the international arm of the National Payments Corporation of India (NPCI) - which operates digital payments in India. As part of this partnership, Worldline will provide more convenience for Indian customers in European markets by allowing merchants' point-of-sale (POS) systems to accept payments via UPI

Along with this, the facility of RuPay, which is a card service owned by NPCI, will also be made available. Whereas on Tuesday, a joint statement was issued by both institutions in this regard. It is believed that in view of the increase in the number of Indian tourists in European countries and the increase in expenditure, after this partnership, the businessmen related to the customers will get a lot of benefits.

Presently Indian customers have to pay through an international card network. The hugely popular UPI allows access to multiple bank accounts through a single mobile application, the service will enhance the customer experience while opening up new business possibilities for the merchants, said a joint statement by Worldline and NPCI. It is worth noting that 38.74 billion transactions have been registered on NPCI's UPI platform so far. An amount of about US$ 954.58 billion has been transacted through this. Similarly, 714 million RuPay cards have been issued so far, with over 1.3 billion transactions.

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