Unified Payments Interface (UPI) is an instant real-time payment (RTP) system, allowing users to transfer money on a real-time basis across multiple bank accounts without revealing details of one’s bank account to the other party.
Liquid Group operates a QR payment acceptance network that enables the cross-border acceptance of payment schemes and digital payment apps. The company integrates a network of merchant acquiring partners in the ten markets of Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan.
The collaboration between NIPL and Liquid Group will enable BHIM App users to make UPI QR-based payments at over 2 million merchants across North Asia and Southeast Asia from early 2022.
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