Singapore-based payment infrastructure provider HitPay has collaborated with NPCI International Payments Limited (NIPL) to integrate India’s Unified Payments Interface (UPI) into its platform. This partnership allows businesses in Singapore to accept UPI payments for both in-store and online transactions.
With this integration, Singaporean merchants gain access to over 450 million UPI users in India, providing them with a cost-effective payment solution that can reduce transaction fees by up to 50% compared to traditional credit card payments.
Boosting Payment Accessibility for Indian Consumers
The collaboration enables merchants to accept payments from Indian consumers through more than 50 UPI-supported apps, including BHIM, Google Pay, PhonePe, and Paytm. Businesses using HitPay’s integrations with Shopify, Wix, and WooCommerce can seamlessly process UPI transactions.
Currently, over 9,000 merchants across Singapore—spanning retail, food and beverage, and tourism sectors—have adopted UPI payments through HitPay. This initiative strengthens HitPay’s expanding cross-border payment network, which already includes PayID (Australia), PromptPay (Thailand), QRIS (Indonesia), QR Ph (Philippines), VietQR (Vietnam), and WeChat Pay (China). Looking ahead to 2025, HitPay plans to introduce DuitNow in Malaysia along with additional regional payment solutions.
Industry Leaders Speak on the Partnership
Ritesh Shukla, CEO of NPCI International, highlighted the significance of the initiative, stating, “Our goal is to expand UPI’s global presence, making transactions more convenient for Indians traveling abroad. Partnering with HitPay enhances UPI’s accessibility in Singapore, providing Indian tourists with a secure and efficient payment option. This collaboration underscores our commitment to building a globally integrated payments ecosystem.”
Aditya Haripurkar, CEO and Co-Founder of HitPay, emphasized the impact of UPI, noting, “UPI has revolutionized India’s payments landscape with its speed, ease of use, and scalability. This integration aligns with HitPay’s mission to be the go-to payments partner for Singaporean merchants, enabling seamless access to rapidly growing markets across Asia and beyond.”
A Growing Market Opportunity
India remains one of Singapore’s fastest-growing tourism markets, with 1.2 million Indian travelers visiting in 2024. The increasing adoption of UPI in Singapore is expected to enhance payment convenience for both businesses and Indian visitors, reinforcing the country’s position as a key destination for seamless digital transactions.
