NPCI International Payments Ltd. (NIPL), the international arm of the National Payments Corporation of India (NPCI) announced its commercial agreement with Uzbekistan’s national payment system HUMO on Monday.The pact would enable Indian travellers to scan Uzbekistan’s national interoperable QR code UZQR using their familiar (Unified Payments Interface) UPI-enabled applications to make instant merchant payments across the country.Read more: Digital payment volumes on NPCI channels rebound in MayThe move comes amidst Prime Minister Narendra Modi’s visit to the partner country.According to a statement released by the Finance Ministry, the agreement was signed after approvals from financial regulators, including the Reserve Bank of India (RBI) and the Central Bank of Uzbekistan (CBU), which designated HUMO as NIPL’s authorised partner for cross-border merchant acceptance.The integration with CBU’s mandated Unified National QR infrastructure (UZQR) allows UPI users to have universal access to Uzbekistan’s goods and services.Read more: NPCI turns to AI to stop frauds from siphoning off moneyThe pact allows direct person-to-merchant (P2M) payments from Indian bank accounts, thus removing hindrances which arise from foreign exchange mark-up, the need to carry international cards or cash for Indian tourists, business travellers, and students.UPI is now operational in ten countries — Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia, and Greece. The access allows Indian travellers to utilise the online payment interface for digital payments.
NIPL and Uzbekistan's HUMO sign agreement enabling Indian travelers' seamless transactions
NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps to scan UZQR codes. This pact allows instant merchant payments across Uzbekistan for tourists and students. The agreement removes foreign exchange mark-ups and the need for cash. UPI is now operational in ten countries for digital payments.






