RBI and Nepal Rastra Bank Sign Pact for UPI-NPI Linkage
The Reserve Bank of India (RBI) has announced a significant collaboration with Nepal Rastra Bank, aiming to integrate the Unified Payments Interface (UPI) of India and the National Payments Interface (NPI) of Nepal. This integration seeks to streamline cross-border remittances between the two countries, facilitating instant and cost-effective fund transfers.
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