NPCI International and ACLEDA Bank Launches UPI Payments in Cambodia

NPCI International Payments Limited (NIPL), the global payments arm of the National Payments Corporation of India (NPCI), has expanded UPI's international footprint by enabling UPI payment acceptance in Cambodia through a partnership with ACLEDA Bank Plc., as per ANI news report.  

The rollout leverages Cambodia's national QR payment framework, KHQR, and represents the first phase of a broader cross-border payment linkage between the 2 countries. 

Indian Travellers Can Use UPI Across Cambodia 

Following the launch, Indian travellers can use their UPI-enabled mobile applications to make payments by scanning KHQR codes at over 4.5 million merchant outlets across Cambodia.  

The acceptance network spans various businesses, including restaurants, shops, tourist attractions and other commercial establishments. 

The move aims to simplify transactions for Indian visitors by allowing them to use a payment method they are already familiar with, while also promoting seamless cashless payments during their stay in Cambodia. 

Two-Way Payment Connectivity Planned 

The current launch represents the first phase of the India-Cambodia payment linkage programme.  

In the next phase, Cambodian consumers are expected to gain the ability to make payments at UPI QR-enabled merchant locations across India using their domestic banking and payment applications. 

The development will create a 2 way interoperable payment corridor, enabling seamless digital transactions between users in both countries. 

Strengthening Digital and Economic Ties 

According to the participating organisations, the collaboration is designed to improve payment efficiency, enhance financial inclusion and support tourism and commercial activity between India and Cambodia. 

Commenting on the launch, Ritesh Shukla, MD and CEO of NPCI International, said, "At NPCI International, our aim is to extend India's digital payment innovations to global markets through trusted partnerships. Enabling UPI acceptance in Cambodia marks a significant milestone in this journey." 

In Channy, President and Group Managing Director of ACLEDA Bank Plc., said, "ACLEDA Bank Plc. is proud to launch Phase 1 of our cross-border interoperability initiative, enabling Indian travellers to execute secure digital transactions via UPI-enabled applications across our extensive KHQR merchant network." 

Read More: NPCI Examines AI-Led Compliance Model for UPI Ecosystem! 

Conclusion 

The launch of UPI acceptance in Cambodia marks another milestone in the international expansion of India's digital payments ecosystem. The initiative is expected to simplify cross-border transactions while strengthening tourism, trade and financial connectivity between the two countries. 

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