NPCI International Commits to Strengthening Cross-Border Digital Payment Connectivity Between Nepal and India
Summary
NPCI International has committed to strengthening cross-border digital payment connectivity between Nepal and India through UPI-based QR payments and real-time P2P transfers. The collaboration with PhonePe and NCHL is expanding secure remittances and easier digital transactions for Indian tourists and users in both countries.
Key Points
- NPCI International’s NIPL said it will further strengthen digital payment connectivity between Nepal and India.
- Indian tourists in Nepal are increasingly using QR code-based UPI payments at major destinations such as Pashupatinath, Manakamana, and Chandragiri.
- Interoperability between Nepal’s NPI and India’s UPI now enables real-time person-to-person money transfers.
- NPCI International plans to expand UPI services and P2P remittances to more banks with Nepal’s regulatory bodies.
