The new company created as part of NPCI, NIPL partnered with Gateway Payments Service (GPS) to provide financial services in Nepal, while fintech Manam Infotech will be the one to deploy UPI in the country.
The partnership will boost Nepal’s digitisation programme and will enhance the interoperable real-time transactions in P2P and P2M sectors. At the same time, the cooperation will enable real-time cross-border P2P remittances between India and Nepal, eliminating tariff barriers and expensive fees through bank wires.
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