Govt, RBI in talks with Alipay+ to integrate its instant payment systems

New Delhi: India's government and central bank are in talks ​with Ant International about ‌allowing Alipay+ to be linked ⁠with India's ‌instant payments system for cross-border transactions, according to two government sources.

The move would help make ​payments easier for Indian tourists as they would be able to use ‌India's ‌Unified Payments Interface with merchants in foreign countries who ⁠have signed up with Alipay+.

The sources declined to be identified as the ⁠discussions have not been ⁠made public.

India's finance ministry, ‌the Reserve Bank ‌of India and the National Payments Corporation of India did not ‍immediately respond to requests for comment.

Singapore-based Ant International, an overseas arm of Chinese fintech giant Ant Group, also did not immediately respond to a request for comment.