India, Nepal connect payment systems for instant cross-border P2P transfers

New Delhi [India], June 9 (ANI): NPCI International Payments Limited (NIPL) has partnered with Nepal Clearing House Ltd. (NCHL) to enable a UPI-NPI payment linkage for smooth, instant person-to-person (P2P) remittances between users in India and Nepal, as per a statement by NIPL.

According to the release, this collaboration will enable affordable, real-time, secure cross-border remittances between India and Nepal. “Indian and Nepalese users can now send money to Nepal using the receivers’ mobile numbers or virtual payment addresses (VPAs), while Indian users can transfer funds to India from Nepal using UPI IDs,” the release added.