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Aug 2023Entrackr reported that the RBI requested a halt to co-branded PPI arrangements on UPI, which could affect CheqUPI's Transcorp-based operating model.
SourceIndia's first UPI wallet for foreign nationals and NRIs
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
CheqUPI (Cheq, cheq.money) is a Bengaluru-based fintech that provides a regulated UPI-enabled INR wallet for foreign tourists, NRIs, and OCIs visiting India. It lets eligible users load funds with international cards, verify once in India, and pay at UPI QR merchants; public sources are broadly consistent on the product, while funding totals vary across sources, with official/company evidence supporting a ~$500k pre-seed round.
Primary product
UPI-enabled prepaid INR wallet for foreign tourists and NRIs
Founded
2021
Headquarters
#231, Eden Au Lac, Indiranagar, Bengaluru, Karnataka 560038, India
Team size
11-50 employees
Industry
Financial Services
Sub-industry
Cross-border payments / travel fintech
Offices
Open Positions
0 jobs at CheqUPI
No open positions
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