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NPCI International Payments Ltd and Fonepay announce UPI integration, allowing seamless QR-code-based transactions between India and Nepal, fostering economic ties
UPI transactions now commences in Nepal
The signing of MoU lays foundation for an alliance wherein both parties shall interface with each other as a point of contact for enabling Foreign Inward Remittance transactions from Greece to India.
In the December bi-monthly MPC meeting, RBI Governor Shaktikanta Das announced that the UPI payment limits for hospitals and educational institutions will be raised to Rs 5 lakh from Rs 1 lakh per transaction.
Fonepay Payment Service, Nepal's payment network and NPCI International Payments Ltd (NIPL), the international arm of the National Payments