New Delhi, Kathmandu roll out cross-border money-transfer service through UPI-NPI link
India and Nepal have launched a money-transfer service linking India’s Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI), allowing users to transfer and receive money in the two countries.
The service offered is a collaboration between NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), and Nepal Clearing House Ltd. (NCHL), Nepal’s primary payments infrastructure provider. It strengthens the G20 objective of making cross-border payments faster.
