The National Payments Corporation of India (NPCI) has announced the launch of Unified Payment Interface (UPI) in Nepal. Through a collaboration between NPCI International Payments (NIPL) and Fonepay Payment Service, Indian consumers can now make instant, secure, and convenient UPI payments at various businesses in Nepal using UPI-enabled apps. Merchants in Nepal can accept UPI payments from Indian customers, marking a significant shift in cross-border transactions. NIPL’s CEO Ritesh Shukla expressed commitment to innovating digital payments, while Fonepay’s CEO Diwas Kumar emphasized the potential for improved economic ties and tourism between the two nations.
UPI Goes Live in Nepal, Facilitating Cross-Border Payments
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