Fintech major Razorpay, through its Malaysian subsidiary Curlec by Razorpay, has partnered with NPCI International Payments Limited (NIPL) to introduce Unified Payments Interface (UPI) acceptance for merchants in Malaysia, marking a significant milestone in cross-border digital payment expansion.

Key Highlights

• Razorpay’s Curlec partners with NIPL to enable UPI payments for merchants across Malaysia.
• The collaboration boosts cross-border digital payments, expanding India’s UPI footprint in Southeast Asia.

The collaboration will allow both online and offline Malaysian merchants to seamlessly accept UPI payments from Indian users, thereby enhancing convenience for Indian travellers and businesses transacting in Malaysia. This partnership integrates India’s real-time UPI payment infrastructure into Malaysia’s growing digital payment ecosystem, reinforcing India’s push to internationalise UPI.

Curlec by Razorpay, which recently received a merchant acquisition license from Bank Negara Malaysia, will serve as the acquiring entity, enabling local businesses to accept UPI payments through existing QR codes and digital channels. The initiative aims to strengthen India-Malaysia financial connectivity and promote cashless, instant, and secure payments across borders.

According to the companies, this move aligns with NIPL’s broader vision to expand UPI adoption globally, building interoperability between payment systems and encouraging financial inclusion through technology-driven innovation.

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This collaboration also marks Razorpay’s growing presence in Southeast Asia, following its acquisition of Curlec in 2022. With Malaysia becoming the first country in the region to implement this integration, Razorpay and NIPL are paving the way for future UPI rollouts across other international markets.