🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Razorpay Curlec to enable UPI payments in Malaysia

EntrackrEntrackr · 17d ago
Razorpay Curlec to enable UPI payments in Malaysia
Medial

Razorpay, through Razorpay Curlec, has partnered with NPCI International Payments Limited (NIPL) to enable UPI payments in Malaysia. Indian travellers will be able to pay Malaysian merchants using UPI apps, with settlement in Malaysian Ringgit (RM). The integration removes the need for cash or international cards for Indian visitors. Malaysian merchants will receive payments in local currency through Razorpay Curlec. Razorpay Curlec will offer UPI acceptance to businesses across sectors including retail, travel, hospitality, and small enterprises. In 2024, more than one million Indian tourists visited Malaysia and spent over Rs 110 billion. The partnership aims to simplify cross-border payments and improve payment acceptance for merchants serving Indian visitors. UPI processed 19.6 billion transactions in India in September 2025. The arrangement gives Malaysian businesses access to Indian UPI users and supports cross-border payments with instant settlement. Razorpay Curlec currently supports recurring payments, card payments, payouts, subscription management, and billing solutions for businesses in Malaysia. The company will use the partnership to expand its cross-border payment stack and merchant network. NIPL focuses on expanding UPI and RuPay outside India through partnerships with payment service providers and central payment networks. The Malaysia launch is part of NIPL’s plan to enable UPI acceptance in international markets. UPI has expanded to several new countries, including France and the UAE, with agreements in place for Namibia, Trinidad and Tobago, and Peru. It is already operational in Bhutan, Singapore, Sri Lanka, Mauritius, and Nepal, and recently went live in Qatar.

PayU and Mindgate roll out UPI NXT Stack to boost real-time payments

EntrackrEntrackr · 1m ago
PayU and Mindgate roll out UPI NXT Stack to boost real-time payments
Medial

Fintech platform PayU has launched UPI NXT Stack, marking its entry into the country’s fast-growing real-time payments space. The launch follows PayU’s recent acquisition of a majority stake in Mindgate Solutions, a leading provider of real-time payments technology. Last month, PayU, the payments and fintech arm of Prosus, increased its stake in Mindgate to 70% and became the company’s majority shareholder. The UPI NXT Stack includes two new products - UPI NXT and TPAP NXT designed to make digital payments faster, more reliable, and easier for merchants. UPI NXT aims to solve issues such as payment failures, delayed refunds, and complex integrations. It offers high-speed transactions, instant refunds, and a faster onboarding system for merchants. TPAP NXT enables businesses to integrate full-scale UPI payment features with customizable APIs and SDKs. It supports key UPI functions like virtual payment address creation, peer-to-peer transfers, merchant payments, Autopay, and one-time mandates. PayU has also partnered with NPCI to introduce two new solutions, UPI Reserve Pay and UPI Autopay Interoperability. These products will enhance customer flexibility and improve transaction success rates. UPI Reserve Pay allows users to block funds for future use, while UPI Autopay Interoperability lets customers manage payment mandates seamlessly across different apps. The company has emerged as a critical player in the growth of UPI, which recently crossed 20 billion monthly transactions, and supports banks and institutions across India, the Middle East, Southeast Asia, Europe, and the UK.

Download the medial app to read full posts, comements and news.