UPI in Nepal UPI is expanding its reach abroad also. Now a new update has come out regarding UPI. Now you can easily make payment to Nepali merchants through UPI. This means that now payment can be done through UPI in Nepal also. NPCI has announced this today. Read the full news…
New Delhi. Every day millions of people in India make payments through UPI. Now gradually UPI is hoisting its flag in the world also. Payment through UPI has started in many countries of the world. Payment can be made through UPI in many countries like Sri Lanka, France, Maldives.
Today NPC has made an important announcement regarding UPI. NPC said that now payments can be made through Unified Payment Interface (UPI) in Nepal also. According to the official statement of NPC, now UPI users can scan QR code to make payments to Nepali merchants.
In September 2023, an agreement was signed between National Payments Corporation of India International Payments (NIPL) and Nepal’s largest payment network Fonepay Payment Service.
NPC said in its statement that after the partnership with First Face, Indian consumers can use UPI based apps like Paytm, PhonePe, Google Pay etc. to pay online through UPI at many business stores in Nepal. Can make payment. In this, UPI users can make online payments in a secure and convenient manner.
The launch of UPI in Nepal will “revolutionize” cross-border transactions between citizens of the two countries.
NIPL Chief Executive Officer Ritesh Shukla said that
This initiative not only reflects our commitment to innovate in the digital payments sector, but also reflects our dedication towards creating new avenues for trade, strengthening relations between the two countries.
Fonepay Chief Executive Day Kumar said
I am confident that this UPI payment will significantly improve economic relations, commerce and tourism between the two countries. Ultimately will lead to economic prosperity and progress.
