Nepal, India to operationalise cross-border digital payments
Summary
Nepal and India finalized agreements to operationalize cross-border digital payments, enhance bilateral cooperation in multiple sectors, and strengthen development partnerships during Foreign Minister Shisir Khanal's visit to India.
Key Points
- Nepal and India agreed to operationalize peer-to-peer cross-border digital payments under an MoU signed in June 2023.
- The deal resolves technical and cost-bearing issues linked to Nepal-India digital payment systems enabling Nepalis to pay in India.
- Both countries exchanged agreements on health and cultural sector project handovers tied to post-earthquake reconstruction in Nepal.
- Foreign ministers discussed broadening bilateral ties including trade, connectivity, energy, AI, startups, and mutual legal assistance agreements.
