Nepal and India to Ease QR Code Payments for Nepali Citizens Visiting India
Summary
Nepal Rastra Bank and India's Reserve Bank are working to facilitate QR code payments for Nepali citizens visiting India, discussing monetary policy and financial sector cooperation.
Key Points
- Nepal Rastra Bank Governor Vishwa Nath Poudel met with RBI Governor Sanjay Malhotra in Mumbai to discuss cross-border electronic payments.
- Discussions focused on facilitating QR code payments for Nepali citizens visiting India.
- They also discussed monetary policy, liquidity, foreign exchange management, and AI-based supervision.
- Meetings covered bilateral financial sector cooperation and engagement with the International Financial Services Centres Authority in India.
