Blitz Bureau
NEW DELHI: NPCI International Payments Limited (NIPL) — the international arm of the National Payments Corporation of India (NPCI) — announced the launch of a cross-border payment linkage between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI) on June 9. This enables real-time, low-cost and secure money transfers between the two countries.
With this integration, users in India and Nepal will be able to undertake seamless person-to-person (P2P) transactions using mobile numbers, virtual payment addresses (VPAs) or UPI IDs, without the need to share sensitive bank account details.
The facility is currently live through select banks and is expected to be expanded to a wider network of financial institutions in the coming phases.
According to NPCI, the linkage represents a significant step towards strengthening cross-border digital payments and enhancing financial inclusion, while further deepening economic and digital connectivity between India and Nepal.
In addition, the project aligns with broader global efforts, including the G20 agenda, to make cross-border payments more accessible, efficient and affordable.
Ritesh Shukla, MD & CEO, NPCI International, said the launch of the cross-border remittance linkage between India and Nepal in partnership with NCHL reflects the organisation’s commitment to innovation that meets the evolving needs of global communities.
He said the initiative creates a real-time, affordable and secure corridor for cross-border remittances, simplifying the process for families in both countries while also promoting financial inclusion.
