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India, Nepal launch cross-border remittance mechanism; links UPI, NPI

India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism on June 6 to enhance convenience for travellers and businesses across both countries, the finance ministry said on Thursday. The newly operationalised system establishes a direct link between India's Unified Payments Interface (UPI) and Nepal's National Payments Interface (NPI), and enables citizens of both nations to make real-time money transfers directly via mobile banking applications and digital wallets. "…

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Business StandardCenter·2h ago
India, Nepal launch cross-border remittance mechanism; links UPI, NPI
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism on June 6 to enhance convenience for travellers and businesses across both countries, the finance ministry said on Thursday. The newly operationalised system establishes a direct link between India's Unified Payments Interface (UPI) and Nepal's National Payments Interface (NPI), and enables citizens of both nations to make real-time money transfers directly via mobile banking applications and digital wallets. "…
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India, Nepal launch cross-border remittance mechanism; links UPI, NPI

How 1 sources are covering this

India, Nepal launch cross-border remittance mechanism; links UPI, NPI

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