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Collaboration Between TerraPay and NIPL

Published on September 24, 2022
Current Context: The Netherlands payment infrastructure company, TerraPay joined hands with India’s NPCI International Payments (NIPL) to facilitate cross-border transactions for Indian consumers and merchants.
  • The making and acceptance of these cross-border payments will be facilitated by an active Unified Payments Interface (UPI) ID.
  • The Indian Customers with an active UPI ID can transact at the Quick Response (QR) locations which will be enabled globally by TerraPay.
  • The collaboration between the NIPL and TerraPay is aimed at boosting the usage of UPI Applications across the world and further pushing for a cashless digital drive in India.
  • Terra Payment Services (TerraPay) is a cross-border payments company that was founded in 2015 with its headquarters in Amsterdam, Netherlands. The current CEO of the company is Ambar Sur.
  • NIPL is an international arm of the NPCI that was established in 2020 with its headquarters in Mumbai, Maharashtra. The current CEO of the NIPL is Ritesh Shukla.

Question: 

Ques: 1. To boost the worldwide usage of UPI Apps, NIPL collaborated with:
A. PayPal
B. TerraPay
C. AmazonPay
D. SecurionPay
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