PPRO, a payment infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to enable PPRO users to access India’s real-time payment system for cross-border transactions, Unified Payments Interface (UPI). This signing comes two years after the companies signed an MOU.  

Owing to the partnership, international payment service providers can directly connect to UPI through PPRO, enabling merchants to access the Indian online consumer base, without setting up a legal entity or settlement to an India-based bank. This would also mean that consumers can make cross-border purchases in INR through existing payment methods. 

Analyst QuickTake: PPRO has been broadening its presence across the Asia Pacific over the past few years. The company expanded its operations to Indonesia and Singapore in 2020 and subsequently acquired Alpha Fintech in March 2022. PPRO also expanded its presence to South Korea earlier this year.