Banking

NPCI International to deploy UPI solution in Nepal

NPCI International to deploy UPI solution in Nepal – NPCI International Payments Limited (NIPL) has joined hands with Gateway Payments Service Pvt Ltd, authorized Payment System Operators in Nepal, and Manam Infotech Private Limited to deploy Unified Payments Interface (UPI) in Nepal on 17th February 2022.

  • NPCI International Payments Ltd (NIPL) will enable NPCI’s flagship Unified Payments Interface(UPI) platform in Nepal and enable creation of real-time payments system in Nepal, leveraging NPCI’s best in class technology to democratize payments and displace cash.
  • It aims to bolster interoperable real-time Person to person (P2P) and Merchant payment transactions (P2M) in Nepal.
  • With this, Nepal will become the 1st country outside of India that will adopt UPI as the payments platform driving the digitalization of cash transactions.

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