Current Affairs - Finance - Discussion

NPCI International Payments Limited (NIPL), the international arm of India's National Payments Corporation, has achieved a significant milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal. This accomplishment follows NIPL's collaboration with Fonepay, Nepal's largest payment network, which was launched in March 2024. Additionally, NIPL has partnered with Nepal SBI Bank Limited to operationalize RuPay cards in Nepal, further strengthening cross-border financial transactions between India and Nepal.