Cross-border UPI payments in Nepal cross 100,000 within six months

For the first time, cross-border UPI payments in Nepal have surpassed 1,00,000 person-to-merchant (P2M) transactions in less than six months since the launch in the South Asian country.

In March, NPCI Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), partnered with Nepalese payments network FonePay to enable QR-code-based person-to-merchant (P2M) UPI transactions between Nepal and India.