India-Nepal go live with UPI-NPI remittance link; UPI now live in 9 countries
NPCI International and Nepal Clearing House activated a real-time P2P corridor connecting UPI to Nepal's NPI rails. Travellers and merchants gain instant mobile transfers, extending UPI's footprint to nine countries and tightening South Asia's payments stack.
What happened
India and Nepal launched a P2P cross-border remittance link connecting UPI and Nepal's NPI, enabling real-time mobile transfers. Executed by NIPL and NCHL, it
Key facts
- 9 countries
Why this matters
Scout Nepali PSPs, FX aggregators, and merchant acquirers integrating with NPI rails for partnership or acquisition plays into the widening UPI ecosystem.