UPI goes live in Cambodia, unlocking QR payments at 4.5M merchants for Indian travellers
NPCI International and the National Bank of Cambodia activated a UPI-KHQR interlink on June 2, letting Indian travellers scan Cambodian QR codes via their UPI apps across 4.5 million merchants. Phase two will reciprocate, enabling Cambodian visitors to pay Indian merchants on UPI rails.
What happened
India and Cambodia launched a UPI-KHQR cross-border payment link, letting Indian travellers scan QR codes at 4.5 million Cambodian merchants. Phase two will
Key facts
- 4.5 million merchants
- June 2, 2026
Why this matters
Phase-two reciprocity opens a window for partnerships or acquisitions targeting Cambodia-India remittance, FX, and merchant-acquiring players that can ride the bilateral UPI corridor before incumbents lock in distribution.