New Delhi: In a major step towards strengthening digital financial cooperation, India and Nepal have officially launched a UPI-NPI-based cross-border remittance service, enabling citizens of both countries to send and receive money seamlessly through mobile banking applications and digital wallets. The initiative, launched on June 6, establishes direct interoperability between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI), significantly enhancing digital payment connectivity between the two neighboring nations. According to a statement issued by the Ministry of Finance, the new mechanism will allow individuals to conduct secure,…
Read MoreIndia-Nepal Launch Cross-Border UPI Payment Service, Boosting Digital Financial Connectivity
