The partnership is for real-time FX settlement for international UPI payments
FinTech BizNews Service
Mumbai, 1 July 2026: National Payments Corporation of India (NPCI) today announced a strategic partnership with HSBC India to provide real time foreign exchange (FX) settlement for cross-border payments. This collaboration aims to make international UPI payments more seamless for the Indians travelling overseas.
UPI is now live in nine countries including Singapore, the United Arab Emirates, Nepal, Bhutan,
Mauritius, France, Sri Lanka, Qatar and Cambodia enabling Indian travellers to make QR code-based
payments directly from their Indian bank accounts in Indian Rupees (INR). Building on this growing
international footprint, the partnership with HSBC India will enhance the experience by bringing real-
time FX pricing and greater transparency to international UPI transactions.
Under this collaboration, HSBC India, as the banking partner, will provide real-time FX rates via a
direct API integration, allowing customers to see the exact INR amount they will pay at the point of
transaction when making purchases abroad. The solution will allow international merchants and
financial institutions to receive funds in their local currencies while simplifying the end-to-end
settlement process.
NPCI spokesperson, said, “Our collaboration with HSBC represents an important step toward
enabling efficient forex conversion and real-time settlement for cross-border transactions, delivering
transparent payment experiences for users. This partnership will further enhance the convenience of
international payments while supporting the growing global acceptance of India’s digital public
infrastructure.”
The API-enabled infrastructure, supported by HSBC India’s global payments capabilities and
extensive international network, will enable secure, 24x7 cross-border payments - making
international UPI transactions faster, more transparent and more convenient for users and ecosystem
participants across markets.
