India–Nepal Launch Real-Time UPI–NPI Cross-Border Payment Linkage

Key Points

• NPCI International Payments Limited and Nepal Clearing House Ltd. launched a cross-border payment linkage between India's UPI and Nepal's NPI.
• The linkage enables real-time, secure, and low-cost money transfers between India and Nepal using mobile numbers or UPI IDs.
• The service initially operates via select banks and is planned to expand to improve accessibility.
• This initiative promotes financial inclusion, reduces remittance costs, and strengthens digital and economic ties between the two countries.