Nepal-India cross-border digital payment system goes live
Summary
Nepal and India have launched a cross-border digital payment system integrating UPI and NPI, enabling real-time, secure, and low-cost remittances between the two nations.
Key Points
- Nepal and India officially launched a cross-border digital payment system integrating India's UPI and Nepal's NPI.
- The system enables real-time, secure, and low-cost remittances and person-to-person transactions between the two countries.
- Users can send money using mobile numbers, VPA, or UPI ID without sharing sensitive bank details.
- Transaction limits are INR 15,000 per transaction for Indian residents and NPR 200,000 monthly for Nepali residents sending money to India.
