India-Nepal launch UPI-NPI remittance link, extending UPI acceptance to nine countries
A P2P cross-border corridor went live June 6 connecting India's UPI with Nepal's NPI, enabling real-time mobile transfers. The link broadens UPI's international footprint to nine countries and unlocks higher merchant transaction volumes for Nepalese retailers serving Indian travellers, while easing remittance flows for households.
What happened
India and Nepal launched a P2P cross-border remittance link between UPI and Nepal's NPI on June 6, enabling real-time mobile transfers. Expands UPI acceptance
Key facts
- 9 countries
Why this matters
The India-Nepal link validates UPI as a replicable export rail—scout partnership or acquisition targets among South Asian wallet and remittance players positioned to plug in next.