Nepal to use India's UPI for digital transactions
Nepal to use India's UPI for digital transactions - This move will bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions.
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Nepal to use India's UPI for digital transactions - This move will bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions.
Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition. Earlier this year, Bhutan also launched a BHIM-UPI based payment service for digital transactions, as per the article tweeted by PIB on Thursday.
MeiTY has informed that the Government of India as well as RBI have undertaken several steps to ensure safety and security of digital payments.
Nepal adopts UPI developed by India for digital transactions
Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) has emerged as the preferred payment mode of the citizens and has achieved a record of 452.75 crore digital payment transactions with the value of Rs 8.27 lakh crore till 28 February in the current financial year, the Ministry of Electronics & IT said on Wednesday.