India-Nepal launch UPI-NPI remittance link, extending UPI acceptance to nine countries
A P2P cross-border corridor went live June 6 connecting India's UPI with Nepal's NPI, enabling real-time mobile transfers. The link broadens UPI's international footprint to nine countries and unlocks higher merchant transaction volumes for Nepalese retailers serving Indian travellers, while easing remittance flows for households.
India and Nepal launched a P2P cross-border remittance link between UPI and Nepal's NPI on June 6, enabling real-time mobile transfers. Expands UPI acceptance to nine countries, easing traveller payments and boosting merchant transaction volumes for Nepalese businesses serving Indian visitors.