NPCI International Payments Limited (NIPL), the international arm of NPCI, and Nepal Clearing House Ltd. (NCHL) have launched a real-time cross-border remittance service connecting India’s Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI).
The new linkage enables person-to-person (P2P) transfers between the two countries, allowing users to send and receive money instantly through mobile numbers, virtual payment addresses (VPAs), and UPI IDs. The service is currently available through select banks and will be expanded to more institutions in the coming months.
The initiative is expected to make remittances faster, more affordable and secure while supporting financial inclusion and strengthening economic ties between India and Nepal. By eliminating the need to share bank account details, the service offers a simpler and more convenient payment experience.
Commenting on the launch, Mr. Ritesh Shukla, MD & CEO, NPCI International, said, “We are pleased to launch cross-border remittance link between India and Nepal in partnership with NCHL. This initiative emphasises our commitment to innovation that meet the evolving needs of global communities. By creating a real-time, affordable, and secure corridor for cross-border remittances, we are not only simplifying the remittance process for families in both nations but also promoting financial inclusion.”
Mr. Neelesh Man Singh Pradhan, Chief Executive Officer, NCHL, said, “The successful launch of this linkage between Nepal and India is a testament to our close collaboration and commitment for making cross border fund transfer seamless, real-time and convenient. As we embark together on a digital payments journey, we look forward to add more services and ensure inclusion for the millions of people and businesses at both the sides.”
The collaboration marks another step towards interoperable digital payment systems and supports the growing demand for seamless cross-border financial services in the region.
