India and Nepal launch a cross-border digital remittance mechanism that links India’s Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI). The service is designed to let citizens in both countries send money and make payments in near real time using familiar mobile banking applications, including UPI apps and digital wallets. The arrangement establishes a direct UPI–NPI connection intended to enable seamless, secure transactions across the border. Once operational, users can perform transfers through their existing payment channels rather than relying on separate processes. The mechanism focuses on facilitating faster remittances by enabling real-time funds movement between the two payment systems. Media reports describe the linkage as an “instant” corridor for cross-border transfers and payments, emphasizing convenience and security for users. Multiple outlets report that the system is newly operationalised, bringing the two countries’ payment infrastructures into direct communication to support cross-border transfers. No additional details on limits, fees, participating banks, or rollout timelines are provided in the supplied excerpts.
India and Nepal link UPI and NPI for instant cross-border remittances
India and Nepal launch a cross-border digital remittance mechanism that links India’s Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI). The service is designed to let ci...
- India links its Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI) to enable cross-border remittances.
- The system supports instant or real-time transfers and payments between users in both countries.
- Transactions can be carried out using existing mobile payment apps, including UPI apps and digital wallets.
- The linkage is presented as a secure mechanism for cross-border payments.
- The UPI–NPI connection is newly operationalised as part of the India–Nepal digital corridor.
The newly operationalised system establishes a direct link between India's Unified Payments Interface (UPI) and Nepal's National Payments Interface (NPI).
14 hours agoThe cross-border digital payment link will allow citizens of both countries to make seamless, secure and real-time transfers and payments using familiar mobile banking applications, UPI apps, and digital wallets.
17 hours ago
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