NPCI has partnered with HSBC India and J.P. Morgan Payments to enable real‑time foreign exchange settlement for cross‑border UPI transactions, aiming to make overseas payments more transparent by showing users the exact INR amount before authorization. HSBC will provide real‑time FX rates via API, while J.P. Morgan will support multi‑currency conversion and settlement. UPI is now live in 10 countries including Singapore, UAE, France, Greece, and Sri Lanka, though rollout timelines for the FX feature remain undisclosed.
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NPCI Expands Global UPI With Real-Time Foreign Exchange Settlement Through HSBC and J.P. Morgan
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