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India’s UPI Goes Live in Nepal

March 9, 2024
UPI Goes Live in Nepal
Photo: NPCI India

Nepal has made a significant leap forward in digital payments by announcing that India’s Unified Payment Interface (UPI) is now live across the country. This groundbreaking development means that Indian visitors to Nepal can now enjoy the convenience of cashless transactions using their UPI-enabled apps.

This integration results from a strategic partnership established last September between the National Payments Corporation of India International Payments (NIPL) and Fonepay Payment Service, Nepal’s leading payment network. The collaboration allows merchants associated with Fonepay to seamlessly accept payments from Indian customers using UPI QR codes, and in future development, Nepali citizens will likely enjoy the same capability while in India.

The move marks a “revolutionary shift” in cross-border transactions, promoting ease and efficiency for travelers and merchants alike. This new digital payment landscape further strengthens the economic ties between Nepal and India.

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