UPI to show real-time Rupee cost for overseas payments via HSBC, JPMorgan tie-ups

Indian users making UPI payments abroad will soon be able to view the exact rupee cost of each transaction before confirming it. Business Standard reports that this change follows two agreements signed by the National Payments Corporation of India (NPCI) with HSBC India and JPMorgan Payments on July 1. Both partnerships aim to enable real-time foreign exchange (FX) conversion and settlement for cross-border UPI transactions.