NPCI Worldwide Funds Restricted has partnered with ACLEDA Financial institution Plc., Cambodia’s first publicly listed industrial financial institution, to create a two-way QR cost hall that may permit UPI acceptance throughout Cambodia and KHQR acceptance throughout India.

ACLEDA Financial institution has been chosen by the Nationwide Financial institution of Cambodia because the operator for Bakong, the nation’s nationwide QR community. With this partnership, either side intention to make QR code funds seamless for Indian and Cambodian travellers.

Indian vacationers in Cambodia will have the ability to use their UPI apps to pay at greater than 4.5 million KHQR service provider contact factors. Cambodian guests in India will have the ability to scan greater than 709 million UPI QRs to make funds by their Cambodian apps.

The settlement units up a network-to-network hyperlink between UPI and the KHQR ecosystem. Each establishments anticipate this to enhance comfort for retailers and prospects by providing safe and interoperable QR funds throughout borders.

Dr In Channy, President and Group Managing Director of ACLEDA Financial institution, stated, “We’re excited to signal this Service Settlement with NPCI Worldwide Funds Restricted. The Service Settlement formalizes the technical and operational framework for interconnecting NPCI’s UPI (Unified Funds Interface) community with ACLEDA Financial institution’s KHQR ecosystem. This network-to-network setup will guarantee safe, interoperable funds, permitting Indian customers and companies to make use of their cell units to scan QR codes from Cambodian retailers for cost.”

He added that the partnership helps ASEAN’s bigger objective of selling inclusive digital economies and can assist prospects entry quick, reasonably priced and safe cross-border cost choices.

The Nationwide Financial institution of Cambodia and NIPL first signed an MoU in March 2023 to allow such cross-border transactions. In Might 2023, NBC chosen ACLEDA Financial institution because the sponsoring financial institution for this initiative.

NPCI Worldwide and ACLEDA are presently creating and integrating the system. The cross-border QR cost service, permitting India UPI apps to scan KHQR, is anticipated to launch within the second half of 2026. Within the subsequent section, extra banks in each international locations shall be onboarded so their prospects can entry the service.

Ritesh Shukla, MD and CEO of NPCI Worldwide, stated, “Our partnership with ACLEDA Financial institution Plc. marks an necessary step in strengthening interoperable digital cost corridors between India and Cambodia. By enabling UPI and KHQR acceptance throughout each international locations, we intention to make journey easier and empower customers with trusted and acquainted cost choices. This partnership displays our dedication to increasing safe, inclusive, and scalable digital funds on a worldwide scale.”

Each organisations stated the collaboration will assist companies by providing a frictionless cost expertise to travellers. It additionally builds on NIPL’s increasing international footprint by partnerships in Bahrain, Malaysia, Japan, the UAE and different markets.

ACLEDA Financial institution serves greater than 6.18 million prospects and had $11.94 billion in complete property by the tip of September 2025. NPCI Worldwide, arrange in 2020, focuses on taking UPI and RuPay to worldwide markets by partnerships, consulting, and know-how assist.