Recently, NPCI has collaborated with which country’s Fonepay Payment Service Ltd to facilitate cross-border UPI transactions?

Question

NPCI International Payments Ltd (NIPL) has collaborated with Fonepay Payment Service Ltd in Nepal, facilitating cross-border Unified Payment Interface (UPI) transactions between India and Nepal. Catering to around 30% of Nepal\'s Indian tourists, this alliance aims to enhance payment convenience for Indian travelers and streamline financial interactions, benefiting both tourists and the Nepalese economy.

GKToday Admin · Accepted Answer

Nepal NPCI International Payments Ltd (NIPL) has collaborated with Fonepay Payment Service Ltd in Nepal, facilitating cross-border Unified Payment Interface (UPI) transactions between India and Nepal. Catering to around 30% of Nepal\'s Indian tourists, this alliance aims to enhance payment convenience for Indian travelers and streamline financial interactions, benefiting both tourists and the Nepalese economy.

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