What is Pay10 founder Prabhpreet Singh Gill's view on global UPI expansion?

Gill believes UPI needs stronger merchant use cases and faster settlement cycles for international adoption.

Why are faster settlement cycles important for UPI's global use?

Small overseas merchants need fast settlements to effectively accept UPI payments, similar to India's instant system.

When does Pay10 plan to launch its services internationally?

Pay10 is preparing for global launches in 16 countries starting from 2026 onwards.

Home / Business and Economy / UPI's Global Leap: Merchants Need Instant Settlements

UPI's Global Leap: Merchants Need Instant Settlements

18 Jan

•

Summary

Global UPI expansion requires stronger merchant use cases.
Faster settlement cycles are crucial for overseas small businesses.
Pay10 plans global launches from 2026, adhering to norms.

UPI's Global Leap: Merchants Need Instant Settlements

Expanding the Unified Payments Interface (UPI) globally necessitates the development of robust merchant use cases and expedited settlement cycles, especially for smaller international businesses. Prabhpreet Singh Gill, founder of payments gateway Pay10, highlighted that the current lack of compelling business cases hinders UPI acceptance abroad. Instantaneous settlements, a cornerstone of UPI's domestic success, are crucial for overseas merchants.

Gill indicated that payment systems like UPI have raised global merchant awareness about instant payment settlements. He urged the National Payments Corporation of India (NPCI) to ensure fair settlement timelines to accelerate worldwide adoption. Pay10, actively engaging with regulators in 16 countries, aims for international launches starting in 2026.