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India-Nepal UPI and NPI Payment Integration to Simplify Cross-Border Remittances: Implications for Migrant Workers and Tourists

The recent integration of India and Nepal's Unified Payments Interface (UPI) and Nepal Payment Interface (NPI) aims to facilitate easier cross-border money transfers. This development may significantly impact migrant workers and tourists by reducing remittance costs and improving transaction efficiency.India and Nepal have recently enhanced their financial interoperability by enabling cross-border transactions through the Unified Payments Interface (UPI) of India...