Nepal to Become First Country to Deploy India’s UPI Platform
New Delhi: Nepal will be the first country to adopt India’s UPI system, which will play a pivotal role in transforming the digital economy of the neighbouring country. The international arm of the National Payments Corporation of India (NPCI) has joined hands with Gateway Payments Service (GPS) and Manam Infotech to provide the services in Nepal.Also Read - How Can Paytm Users Get Rs 100 Cashback On UPI Payments?
GPS is the authorised payment system operator in Nepal and Manam Infotech will deploy Unified Payments Interface (UPI) in that country. The collaboration will serve the larger digital public good in Nepal and bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions in the neighbouring country, NPCI said in a statement. Also Read - Qatar Travel Update: India And 5 Other Countries Are Added to Travel Ban List Due to Covid-19
“Nepal shall be the first country outside of India to adopt UPI as the payments platform driving the digitalization of cash transactions and furthering the vision and objectives of the Nepal Government and Nepal Rastra Bank as the Central bank,” it said. Also Read - How To Make UPI Payment Without Internet: A Step-By-Step Guide Here