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🤝 NPCI & NTT DATA Japan Deal
NPCI International (NIPL) signed an MoU with Japan’s NTT DATA, operator of CAFIS, the country’s largest card network. The pact will enable UPI payments at Japanese merchants, letting Indian tourists pay via apps like PhonePe, Paytm, Google Pay, or BHIM by scanning QR codes—no forex cards or cash needed.
📈 Why it matters:
- Jan–Aug 2025: 208k+ Indian visitors to Japan, a 36% rise vs 2024.
- Supports Japan’s push for a cashless economy.
- Boosts merchants by tapping into Indian tourist spending.
🗣️ Leaders say:
- NIPL CEO Ritesh Shukla:
the MoU lays the foundation for UPI in Japan.
- NTT DATA:
partnership accelerates cashless adoption and tourism.
🌍 Impact:
- Travelers: seamless, familiar payments abroad.
- Merchants: more sales, easy integration.
- India: expands UPI’s global footprint (already in Singapore, UAE, France, Sri Lanka, Mauritius, Bhutan, Nepal).
✅ In short: Indians can soon pay in Japan just like at home—with UPI.
BY Tech Office : Updates & Tech News ~1
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