FinTech

NPCI Partners with NTT DATA to Bring UPI Acceptance to Japan: A Game-Changer for Digital Payments

NPCI International Payments Limited, the global arm of India's National Payments Corporation, has teamed up with NTT DATA Japan. They plan to provide the Unified Payments Interface (UPI) for merchants in Japan. This change will transform cross-border payments for Indian tourists and business travelers. It will also enhance Japan's digital payment scene. What was the Partnership NTT DATA Japan operates CAFIS, the country’s largest card payment processing network, which connects acquirers, issuers, merchants, and ATMs across Japan. Under the Memorandum of Understanding (MoU) with NIPL, UPI will be integrated into Japan’s merchant network. Indian visitors can now pay easily. They can scan QR codes with UPI-enabled apps. This method is quick and familiar, as they use it often in India. Japan's move to cashless payments drives this decision. Japan has…