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UPI in Malaysia: NIPL Ties Up With Razorpay Curlec

6 November 20251 min read
BANKING & FINANCEUPI in Malaysia:NIPL Ties Up WithRazorpay Curlec6 November 2025safalsetu.com

Why in the news

NPCI International Payments Ltd (NIPL) tied up with Razorpay Curlec to bring UPI to Malaysia, formalised at Global Fintech Fest (GFF) 2025.

Key facts

  • Indian travellers can pay Malaysian merchants instantly via UPI apps like PhonePe, Paytm or Google Pay.
  • Benefits: no cash or foreign currency needed, lower forex cost, real-time payment and clearer transparency.

About NIPL

  • Subsidiary of the National Payments Corporation of India (NPCI), established in 2020.
  • Takes India’s payment systems, UPI and RuPay, global.

Exam angle

  • Country added: Malaysia; partner: Razorpay Curlec.

Test yourself

1. With which firm did NIPL partner to enable UPI payments in Malaysia?

Razorpay Curlec acts as the local acquiring partner.

2. NPCI International Payments Ltd (NIPL) was established in which year?

The notes state NIPL was established in 2020 as an NPCI subsidiary.

3. The NIPL-Razorpay Curlec agreement was formalised during which event?

The agreement was formalised at Global Fintech Fest 2025.

This topic is part of Daily Current Affairs 5 November 2025 (15 topics).

All topics of the dayDay quizNovember 2025

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