India and Nepal Launch UPI-NPI Cross-Border Remittance Service

India and Nepal Launch UPI-NPI Cross-Border Remittance Service:

India and Nepal have launched the cross border peer to peer remittance mechanism which directly linking India’s Unified Payments Interface (UPI) with the Nepal’s National Payments Interface (NPI). It will officially operationalized on 6th of June, 2026. This initiative enables the citizens of both the countries to make instant, secure and seamless money transfers via mobile banking applications and digital walletsThe newly launched payment corridor establishes the direct connection between the India’s UPI ecosystem and Nepal’s National Payments Interface.

With this integration, users can,

Transfer the money instantly across borders.
Use the mobile banking apps and digital wallets.
Also avoid delays generally associated with traditional banking channels.
Make secure and the real-time transactions.
Reduce the dependency on cash-based payments.
The initiative simplifies the financial transactions for individuals, businesses and travelers moving between the two countries.