Sanima Bank Introduces Nepal's First API-Based Real-Time INR Cross-Border Payment System
Summary
Sanima Bank and Standard Chartered Bank have launched Nepal's first real-time API-based payment solution for cross-border Indian Rupee transactions, enhancing transaction speed and security between Nepal and India.
Key Points
- Sanima Bank and Standard Chartered Bank partnered to launch Nepal's first real-time API-based payment system for outward INR transactions.
- The API-based solution replaces traditional manual and batch processing, enabling faster, secure, and fully automated cross-border payments.
- The collaboration aims to improve transaction speed, transparency, efficiency, and customer experience.
- Plans are underway to expand the partnership to include API-based USD payment services.
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