Nepal becomes the first country to deploy India’s UPI payments system

NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), has joined hands with payment system operator Gateway Payments Service and Manam Infotech to deploy Unified Payments Interface (UPI) in Nepal in a bid to support interoperable real-time Person to Person and merchant payment transaction in the country.

The NIPL has also said that Nepal has now become the first country outside of India to adopt real-time UPI payments. The Nepal partnership will enable the creation of UPI real-time-based payment system in Nepal. Nepal will have their own UPI, own apps, with their own banks like India.

The NPCI said that it will also enable the way forward for real-time cross-border P2P remittances between Nepal and India.

Ritesh Shukla, CEO of NIPL said, “We are delighted to join hands with GPS and Manam Infotech to facilitate the deployment of NPCI’s flagship Unified Payments Interface in Nepal. This partnership will enable consumers within Nepal to transact swiftly using the UPI platform.”

NPCI further added, “This provides a bedrock for seamless replication of the digital revolution in India to be replicated in Nepal. Over the next few months, all three companies will work closely together to deploy Unified Payments Interface in Nepal along with all the functionalities and features presently available in India.”