India-Nepal
India–Nepal UPI link goes live: Instant money transfers now just a tap away
India and Nepal have formally launched a peer-to-peer (P2P) cross-border remittance system, marking a significant milestone in digital financial integration between the two neighbours.
The system, inaugurated on June 6, 2026, creates a direct linkage between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI), enabling instant, secure, and real-time money transfers between citizens of both countries.
The integration allows users to send and receive funds seamlessly through mobile banking applications and digital wallets, removing traditional barriers associated with cross-border payments such as currency exchange delays and high transaction costs.
Strengthening Financial and Digital Connectivity
The UPI–NPI linkage has been developed through a collaboration between NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India, and Nepal Clearing House Limited (NCHL).
The initiative represents a major step forward in regional financial inclusion and digital cooperation, reinforcing the long-standing economic and social ties between India and Nepal.
Key Benefits of the System
The cross-border payment corridor is expected to transform financial transactions between the two countries by offering several key advantages:
Enhanced convenience for travellers: Eliminates the need to carry cash or depend on foreign exchange services.
Boost to local businesses: Nepali merchants gain easier access to Indian visitors and increased digital transactions.
Operational efficiency: Reduces cash-handling costs and improves real-time settlement for merchants.
Instant transfers: Enables direct, real-time cross-border payments through trusted digital platforms.
Expanding UPI’s Global Reach
With the addition of Nepal, India’s UPI ecosystem now extends to nine countries, including Singapore, the United Arab Emirates, France, Mauritius, Bhutan, Qatar, Sri Lanka, and Cambodia.
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