The NPCI International Payments Limited has partnered with Gateway Payments Service Pvt Ltd to launch Unified Payments Interface in which country?

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Lily Chitlangiya asked 21-Feb-2022 in Current affair by Lily Chitlangiya

The NPCI International Payments Limited has partnered with Gateway Payments Service Pvt Ltd to launch Unified Payments Interface in which country?


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Anonymous User answered 21-Feb-2022 by Anonymous User
The NPCI International Payments Limited has collaborated with Gateway Payments Service Pvt Ltd to introduce the Unified Payments Interface in Nepal.

According to an official statement published by NIPL, the company plans to implement UPI in Nepal for the greater 'Digital Public Good' and to strengthen interoperable real-time Person to Person (P2P) and Merchant payment transactions (P2M). According to the business, the use of UPI would aid in the digitization of currency transactions, as well as achieving the goals and purpose of the Nepal Government and the Nepal Rastra Bank as the Central Bank.

The NPCI International Payments Limited has partnered with Gateway Payments Service Pvt Ltd to launch Unified Payments Interface in which country?

According to the company, this agreement would allow Nepal's last-mile consumers to gain the advantages of an open, interoperable payment system. It will also pave the door for real-time cross-border peer-to-peer transfers between Nepal and India. According to NIPL, Nepal has a mobile penetration rate of more than 135 percent, with 65 percent of people using smartphones, laying the groundwork for a smooth replication of India's digital revolution. Over the following several months, the three firms will collaborate closely to implement the Unified Payments Interface in Nepal, as well as all of the functionality and features that are now accessible in India.