Current Affairs - Banking - Discussion

Cambodia has become the latest country to accept India's Unified Payments Interface (UPI) through a partnership between NPCI International Payments Limited (NIPL) and ACLEDA Bank Plc. This initiative allows Indian travellers to make secure and instant QR-code-based payments using their existing UPI applications at over 4.5 million merchant locations across Cambodia. The integration uses Cambodia’s KHQR network, powered by the Bakong digital payment system, making transactions more convenient for tourists and business travellers. The partnership also aims to establish a two-way payment corridor in the future, enabling Cambodian users to make payments in India through their domestic digital payment platforms.