The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed Terms of Reference for the integration of fast payment systems.

Banking & Finance

The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed Terms of Reference for the integration of fast payment systems. This interface is designed exclusively for India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI). The main goal of this integration is to streamline and facilitate low-cost fund transfers between India and Nepal, allowing users of both systems to make rapid transactions.


      The NPCI International Payments Limited (NIPL), in partnership with substantial partners, recently expanded its Unified Payments Interface (UPI) services to Mauritius and Sri Lanka.

      France became the first European country to embrace UPI.

     

 

     


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