UPI to show real-time rupee cost on overseas payments via HSBC, JPMorgan deals
NPCI has signed tie-ups with HSBC India and JPMorgan to enable real-time FX conversion on cross-border UPI transactions, letting Indian users see the exact rupee cost before confirming overseas purchases. The move aligns UPI with international card networks' upfront conversion experience across 23 countries.
NPCI signed deals with HSBC India and JPMorgan to enable real-time FX conversion on cross-border UPI payments, letting Indian users see exact rupee cost before confirming overseas purchases, aligning UPI with international card networks' upfront conversion experience.
Why this matters
Builds on NPCI and HSBC India's real-time FX settlement for global UPI payments across 9 markets, now extending upfront rupee pricing to 23 countries as UPI daily volumes climb 23% YoY.
Omni-channel remains steady with 662 signals in the last 90 days.