NPCI International Payments Limited (NIPL) has partnered with Gateway Payments Service Pvt Ltd and Manam Infotech Private Limited to deploy Unified Payments Interface(UPI) in Nepal. Nepal will be the first country to adopt India’s UPI system, which will play a pivotal role in transforming the digital economy of the neighbouring country.
Gateway Payments Service Pvt Ltd is an authorized Payment System Operators in Nepal. The collaboration will serve the larger digital public good in Nepal and bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions in the neighbouring country, NPCI said in a statement. Nepal shall be the first country outside of India to adopt UPI as the payments platform driving the digitalization of cash transactions.
