VIYONA Fintech partners with EFICYENT to facilitate cross-border UPI acceptance

VIYONA Fintech has partnered with EFICYENT to enable international acceptance of India’s UPI across select corridors. The collaboration will focus on merchant payments and cross-border collections, with phased rollout subject to regulatory approvals in overseas markets

Hyderabad: VIYONA Fintech has entered into a partnership with cross-border payments platform EFICYENT to enable international acceptance of India’s Unified Payments Interface (UPI) across select overseas corridors.

The companies said the arrangement will focus on merchant acceptance and cross-border collections in regions including the Middle East, North America, Europe and Southeast Asia. These markets account for a significant share of India’s remittance inflows as well as outbound travel and education-related spending.

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UPI, developed by the National Payments Corporation of India, has emerged as one of the largest real-time payment systems globally in terms of transaction volume. The partnership aims to create interoperability between domestic UPI infrastructure and overseas payout and settlement networks.

Under the agreement, international merchants will be enabled to accept UPI payments, while Indian consumers and businesses will be able to transact through compliant cross-border payment rails integrated with foreign exchange conversion and settlement capabilities.

VIYONA Fintech operates as a technology service provider offering UPI and IMPS switching, along with collections and payout infrastructure to banks, NBFCs and fintech companies. EFICYENT provides multi-currency accounts, international payout capabilities and foreign exchange management services. The integration will combine VIYONA’s domestic switching stack with EFICYENT’s global payout network.

Executives from both companies indicated that corridor activation will be phased and subject to regulatory approvals in the relevant jurisdictions.

Industry participants note that structured cross-border UPI acceptance could reduce transaction costs and improve settlement timelines compared to traditional correspondent banking channels, particularly in retail payment flows.

India remains one of the world’s largest recipients of remittances, and outbound digital commerce and travel payments have been expanding steadily. Policymakers have also expressed interest in expanding India’s digital public infrastructure footprint internationally.