The National Payments Corporation of India (NPCI) shared that the Unified Payment Interface (UPI) is now usable in Nepal too.
According to NPCI, UPI users can pay Nepali merchants by scanning QR codes. This move follows an agreement made last September between NPCI International Payments Limited (NIPL) and Nepal’s Fonepay Payment Service, the largest payment network in Nepal.
They explained that UPI users can pay Nepali merchants by scanning QR Codes. Last September, NPCI International Payments Limited (NIPL)
Initially, Indian customers can use UPI apps to make fast and secure payments at various Nepali stores.Merchants in the PhonePe network can receive UPI payments from Indian customers.
and Nepal’s Fonepay Payment Service, the largest payment network, made an agreement, allowing UPI payments in Nepal.
Ritesh Shukla, CEO of NIPL, expressed that this initiative underscores their dedication to digital payment innovation and strengthens ties between the two countries.
Merchants within the PhonePe network can accept UPI payments
In the first stage, Indian customers can use UPI apps to make quick, secure payments at various stores in Nepal.
Merchants in the PhonePe network can receive UPI payments from Indian customers.Ritesh Shukla, CEO of NIPL, said this effort demonstrates their commitment to digital payment innovation and strengthens ties between the countries.
Divas Kumar, CEO of Fonepay, believes this cross-border payment solution will greatly boost economic relations, trade, and tourism.
They clarified that UPI users can pay Nepali vendors by scanning QR codes. Last September, NPCI International Payments Limited (NIPL) partnered with Nepal’s Fonepay Payment Service
