← 2 July 2026 edition

NPCI Partners HSBC India & JP Morgan for Real-Time Forex Settlement on Cross-Border UPI

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NPCI has tied up with HSBC India and JP Morgan Payments to deliver real-time FX rates via direct API integration for international UPI transactions, letting users see exact INR debit at checkout. International UPI volumes nearly doubled to 1.48 million transactions in FY26 — builders in cross-border payments, travel, or remittances now have a live API hook to build transparent forex flows on UPI rails.

Source: Business Standard ↗

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