The governments of India and Nepal have launched a new digital linkage between India's Unified Payments Interface (UPI) and Nepal's National Payment Interface (NPI) to enable instant remittance transfers across borders.
India and Nepal have officially launched a cross-border digital payment linkage enabling instant remittance transfers between the two countries. This new integration connects India’s Unified Payments Interface (UPI) and Nepal’s National Payment Interface (NPI), allowing users to send and receive money digitally in real time. This development is expected to facilitate easier and faster remittances, particularly benefiting overseas workers and their families. The official announcement was made jointly by financial authorities from both countries, emphasizing the benefits for migrant workers who frequently send money home. The Statesman reported on this initiative, highlighting its significance in improving cross-border financial transactions and supporting economic ties between India and Nepal. The digital linkage aims to reduce transaction times and costs, promoting greater financial inclusion and convenience for users.
Sources referenced:
- https://news.google.com/rss/articles/CBMi2AFBVV95cUxPdHBKdHZOTW5jdF9weGJwNUJTTjNQS1B0ZlJtRXVlYmVrNkl0ZzZBRUhMeXBLNzBaOFU4Rl80NWhNWkNSRGZqekZvVG5URlU0a3ZHbHFHbXJYSlJvUEJHMzdwUVFVOEVUaGlQRU1acU9BOFhsSmpqcWt3UXNBT2k3V2RiZ0lrdGJmVDJMZFk4MUt6bFQxUjFPY1lCVWR6aUdrXzdvLUd1U29DeUZHUTVyNE1TYmNZQXYtZHlqTVdFQzZ2MjM0MThYTWM2N0lYVjJmVHo5bmNVY3jSAd4BQVVfeXFMUEQwMDhPeW5RYnZTcHhhZkFhNFBCN05kbjVUTkU1X3JyMkNYcFV1eGJiSl9xZXRidmRKQkZxdnhnWGpGa3ZVVlZWSnhQajF1YXNxYlBteDlrNVRTb3loT25aMjBoa2JndGhoYWVCOEtYS2F2TkVBbVZtRDhyM0N2TFV4dDdSWFF6dzVaVEZSZnYxWjAxU0NCWE5KMW1Bdmk3YjRpeWUxMnVobHNhZHNsN2dXT1p1eGR3VjBHU2RlOVhPaVc3a3N2NElBZ3VEeXFzeU9CQTBGTHNwSEwxVURB?oc=5