HitPay, a Singapore-based fintech firm, has partnered with NPCI International Payments Limited (NIPL), an India-based payments firm, to integrate the unified payments interface (UPI) into its platform.
Singapore merchants acquired by HitPay can now accept UPI payments seamlessly across both online and offline channels, unlocking access to over 450 million UPI users in India, HitPay said in a statement on Wednesday.
With the UPI integration, merchants can save on international credit card fees while offering a frictionless payment experience for one of Singapore’s biggest tourist markets.
It is noted that India is among the fastest-growing outbound tourist segments, with 1.2 million Indian travelers visiting Singapore in 2024.
With increasing travel demand and enhanced flight connectivity, businesses in Singapore have a unique opportunity to engage with Indian consumers.
The UPI integration supports transactions through over 50 payment apps, including BHIM, Google Pay, PhonePe, Paytm, among others.
“We are focused on increasing UPI’s global presence to make transactions easier for Indians traveling abroad,” said Ritesh Shukla, Chief Executive Officer, NPCI International/
“Our partnership with HitPay expands UPI’s acceptance in Singapore, offering Indians a reliable, cost-effective payment option during their travel,
“This collaboration also highlights our commitment to building a globally connected payments ecosystem,” he added.
According to the statement, UPI payments can be enabled for both POS and e-commerce transactions, through HitPay’s supported integrations including Shopify, Wix, and WooCommerce.
This allows Indian consumers to make payments effortlessly, whether shopping online or making purchases in physical stores.
Key benefits for merchants include massive market potential as merchants can tap into India’s dynamic digital economy, driven by over 16 billion monthly UPI transactions.
Besides, with a single UPI integration, merchants can accept payments across online stores, in-person retail locations, and mobile checkouts, via over 50 UPI-enabled apps
As of March 2025, over 9,000 merchants in Singapore have UPI payments enabled through HitPay, benefiting businesses in retail, food and beverage, and tourism-related categories.
HitPay’s streamlined integration also eliminates the need for a local business entity or complex technical implementation.
Merchants can also save up to 50 percent on UPI processing fees compared to traditional card payment methods.
Through this partnership with NIPL, UPI joins HitPay’s rapidly growing ecosystem of local and cross-border payment solutions, which includes existing integrations: PayID (Australia), PromptPay (Thailand), QRIS (Indonesia), QR Ph (Philippines), VietQR (Vietnam), and WeChat Pay (China), and upcoming launches in 2025 such as DuitNow (Malaysia), and others to be announced.
Complementing the existing real-time payment schemes on the HitPay platform, UPI strengthens HitPay’s network to deliver a seamless and efficient cross-border payment experience for merchants in Singapore and worldwide.
“UPI has transformed India’s payment landscape with unmatched speed, simplicity, and scalability,
“This integration reflects HitPay’s vision to be the trusted partner for merchants in Singapore, providing seamless access to the fastest-growing markets in Asia and beyond,” said Aditya Haripurkar, Chief Executive Officer and Co-Founder of HitPay.
HitPay is a full-stack payments infrastructure company provides digital payments access to global businesses.
The firm is licensed in six jurisdictions, including Australia, Singapore, Malaysia, and the Philippines.
It is backed by investors, including Tiger Global, Global Founders Capital, HOF Capital, and Y Combinator.
NIPL was incorporated is 2020 as a wholly owned subsidiary of the National Payments Corporation of India (NPCI).
As NPCI’s international arm, NIPL provides real-time payment system — UPI — and card scheme (RuPay) outside of India.
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