New Delhi [India], October 14 (ANI): Indian travellers in Japan might quickly be utilizing Unified Payment Interface (UPI) as NPCI International Payments Limited (NIPL), the worldwide arm of the National Payments Corporation of India (NPCI), on Tuesday introduced the signing of a Memorandum of Understanding (MoU) with NTT DATA Japan, a core subsidiary of the NTT DATA Group and a supplier of IT and enterprise providers headquartered in Tokyo, Japan.
As per a press launch, the MoU establishes the muse for a strategic alliance, marking a big step in direction of Unified Payments Interface (UPI) acceptance within the Japanese market to reinforce fee expertise for Indian vacationers.
NTT DATA Japan is a number one participant within the funds ecosystem and operates CAFIS, Japan’s largest card fee processing community. CAFIS connects a variety of acquirers, issuers, retailers, and ATM operators throughout the nation, offering the spine for Japan’s fee infrastructure.
‘Through this collaboration, NIPL and NTT DATA Japan will collectively assess and work in direction of facilitating UPI acceptance throughout NTT DATA-acquired service provider areas all through Japan. UPI integration will enable retailers in Japan to supply quicker checkouts, improve buyer satisfaction, and drive enterprise progress,’ the discharge stated.
Between January and August 2025 alone, over 208,000 Indian guests travelled to Japan, a 36 per cent improve in comparison with the identical interval in 2024 (152,947 guests*), highlighting the quickly rising significance of this hall. Following the introduction of UPI within the Japanese market, Indian vacationers will have the ability to make seamless funds at service provider areas acquired by NTT DATA by scanning QR codes utilizing their acquainted UPI functions.
Ritesh Shukla, MD & CEO of NPCI International, stated, ‘This partnership is a crucial step towards bettering the digital fee expertise for Indian travellers and simplifying cross-border funds. It additionally displays our ambition to take UPI to extra worldwide markets and set up it as probably the most trusted digital fee methods globally.’
‘This collaboration marks an necessary milestone as we broaden fee selections for inbound travellers from India,’ stated Masanori Kurihara, Head of Payments in Japan, NTT DATA. ‘By initiating the partnership for UPI acceptance in Japan, we goal to make purchasing and funds extra handy for Indian vacationers, whereas serving to Japanese retailers seize new alternatives.’ (ANI)