look news india
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, UPI users can now scan QR codes to make payments to Nepali merchants.
An agreement was signed between National Payments Corporation of India International Payments (NIPL) and PhonePe Payment Service, Nepal's largest payment network, in September 2023.
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 make online payments through UPI at many merchant 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.
PhonePe Chief Executive De Kumar said
I am confident that this UPI payment will significantly improve economic relations, commerce and tourism between the two countries. Ultimately economic prosperity and progress will be promoted.