NPCI International Payments Ltd (NIPL) and PPRO, a leading global provider of local payments infrastructure, are partnering to expand international growth of India’s digital payments ecosystem.
The agreement aims at expanding RuPay card and UPI acceptance across PPRO’s global clients such as payment service providers (PSPs) and global merchant acquirers. This partnership will drive NIPL’s continued expansion into foreign markets and will add India to PPRO’s Local Payment Method (LPM) coverage map.
Stefan Merz, Chief Strategy and Growth Officer at PPRO, said: “Expansion into India’s e-commerce market presents a huge growth opportunity for PPRO. The country’s e-commerce landscape is worth US$52.6 billion, predicted to increase to US$120 billion in 2025, and is made up of an online population of over 700 plus million people, making it one of the largest in the world.
“However, like all emerging markets, while India presents great opportunities for merchants, it also has its set of complexities. Our strategic partnership with NIPL helps navigate through market intricacies and opens up the Indian market for our PSP partners and their global merchants, helping them to benefit from the high potential that the country has to offer.”
RuPay is the first-of-its-kind Global Card payment network from India with over 635 million cards issued to date.
