Merchantrade Asia, NPCI offer real-time remittances to India

Merchantrade founder MD Ramasamy K. Veeran: "Working with NPCI International will enable our customers and partners to more easily transfer funds to India using UPI apps such as BHIM, Google pay, Amazon pay, etc.”

KUALA LUMPUR: Merchantrade Asia Sdn Bhd, a money services, digital payments and mobile communications company, has partnered with NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), to offer real-time remittances to India.

It said the partnership would enable Merchantrade Asia and its network to connect to NIPL and facilitate remittance to beneficiary banks in India via Unified Payments Interface (UPI) identifications.