Cambodia Becomes 9th Country to Adopt UPI Services

NPCI International Payments Limited and ACLEDA Bank launch cross-border UPI payments in Cambodia via KHQR, Cambodia’s national QR code platform. This makes Cambodia the 9th country to adopt UPI services, enabling two-way cross-border transactions in phases.

Cross-border UPI Payments in Cambodia (via KHQR):

Dimension	Key Details
Country status	Cambodia becomes the 9th nation to adopt UPI services.
Partnership	The partnership comprises NPCI International Payments Limited (India) and ACLEDA Bank (Cambodia).
NIPL	NPCI International Payments Limited (NIPL) is the international arm of the NPCI.
Platform	The platform comprises Bakong’s KHQR, Cambodia’s national QR code platform.
Network feature	KHQR serves as a highly advanced and fully interoperable financial network enabling two-way cross-border transactions.
Phase 1 coverage	Phase 1 provides for incoming Indian travellers to make QR payments at over 4.5 million Cambodian merchants, including restaurants, retail, and tourist spots.
Phase 2 coverage	Phase 2 provides for fully bi-directional payments, enabling Cambodian citizens visiting India to scan millions of UPI QR codes for payments throughout India.
UPI global coverage (as listed)	UPI global coverage comprises 8 countries: Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, and Sri Lanka.
UPI definition	UPI is India’s mobile-based, real-time payment system that allows instant money transfers between bank accounts using a smartphone app, without needing to enter sensitive bank details each time.
UPI purpose	UPI provides for simplified digital payments by linking multiple bank accounts to one app.
UPI development	UPI is developed by NPCI in 2016.
UPI regulation	UPI is regulated by the Reserve Bank of India (RBI).