NPCI Partners with HSBC India and JP Morgan Payments

July 02, 2026

Current Context: National Payments Corporation of India has partnered with HSBC India and J.P. Morgan Payments to enable real-time foreign exchange (FX) conversion and settlement for international UPI payments. The initiative was announced on 1 July 2026. 

Key Highlights & Purpose

  • NPCI has partnered with HSBC India and J.P. Morgan Payments for international UPI transactions.
  • The partnership enables real-time foreign exchange (FX) conversion and settlement.
  • Users will get real-time exchange rates and know the exact amount payable in Indian Rupees (INR).
  • It ensures faster settlement, transparent pricing, and a smoother cross-border payment experience.
  • The initiative aims to strengthen the global acceptance of UPI and make overseas payments more convenient for Indian users. 

Question: 

Q1:NPCI partnered with HSBC India and J.P. Morgan Payments to enable real-time settlement for which type of transactions?
a) NEFT transactions
b) RTGS transactions
c) International UPI payments
d) IMPS transactions

Answer: c) The partnership enables real-time FX conversion and settlement for international UPI payments.

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