Indian travellers visiting Malaysia will soon be able to pay local shops and businesses directly using their UPI apps, just like they do at home. Payments will be settled in Malaysian ringgit through Razorpay Curlec’s platform, an official release from the company stated on Thursday, October 30.
According to the document, Indian fintech company, through its Malaysia-based arm Curlec, has tied up with NPCI International Payments Limited (NIPL) to enable UPI payments in the country. The agreement was signed during the Global Fintech Fest 2025.
Malaysia has seen a sharp rise in visitors from India. In 2024, more than one million Indians travelled to the Southeast Asian country, spending over INR 110 billion, which was almost 72 per cent higher than the year before.
Shashank Kumar, MD and Co-founder of Razorpay, said, “UPI has totally changed the way India pays, showing what’s possible when innovation and inclusion come together at scale.”
“Now, with Curlec, we’re bringing that same energy to Malaysia – helping businesses and travelers enjoy the speed, trust, and simplicity that make India’s digital payments so powerful. This isn’t just about payments; it’s about creating a truly borderless fintech future across Asia,” he said.
Ritesh Shukla, Managing Director & Chief Executive Officer of NPCI International Payments Limited (NIPL), said, “UPI has transformed the way India pays, setting a global benchmark for speed, security, and interoperability.”
“Extending its reach to Malaysia through this partnership with Razorpay Curlec will allow millions of Indian travellers to pay with the same convenience they have at home, and enables Malaysian merchants to benefit from a trusted payments network. It is a win for both economies and a major stride in strengthening digital cooperation across Asia,” Shukla added.
Kevin Lee, Country Head and CEO of Razorpay Curlec, said, “Indian travellers represent one of the fastest-growing visitor groups to Malaysia, yet many still rely on cash or face high fees when using international cards. By enabling UPI payments, we will make it easier for them to spend and easier for Malaysian businesses to earn.”
“It is a meaningful step toward frictionless payments and a stronger, digitally connected economy. Looking ahead, we are committed to driving continuous innovation that deepens financial inclusion and positions Malaysia as a leading hub for seamless cross-border commerce,’ he said.
