DistantNews
Support us
Nepal, India Launch Cross-Border Payment Transactions
🇴🇲 Oman /Economy & Trade

Nepal, India Launch Cross-Border Payment Transactions

From Times of Oman · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Nepal and India launched cross-border payment transactions, enabling direct personal remittances between the two countries.
  • The initiative connects India's Unified Payments Interface (UPI) with Nepal's National Payments Interface (NPI).
  • The countries also signed an MoU for a 'Voice First' language translation platform and reviewed broader bilateral ties.

Nepal and India have officially launched cross-border payment transactions, a move designed to facilitate personal remittances between the two nations. The initiative connects India's Unified Payments Interface (UPI) with Nepal's National Payments Interface (NPI), streamlining financial exchanges.

The ministers jointly launched the Peer-to-Peer (P2P) linkage between Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal for facilitating cross-border personal remittances between India and Nepal.

— ReleaseDescribing the launch of the cross-border payment system.

During a visit by Nepal's Foreign Affairs Minister Shisir Khanal to New Delhi, he and Indian External Affairs Minister S Jaishankar jointly inaugurated the Peer-to-Peer (P2P) linkage. This digital financial technology aims to enhance cooperation and people-to-people ties, a key aspect of India's 'Neighbourhood First' policy.

They reviewed the full spectrum of India-Nepal bilateral relations covering development cooperation, connectivity, trade and transit, energy, and people-to-people ties.

— ReleaseDetailing the scope of bilateral discussions.

Beyond financial technology, the ministers also witnessed the signing of a Memorandum of Understanding between Digital India Bhashini and Kathmandu University. This collaboration focuses on co-creating a national digital infrastructure for a "Voice First" language translation platform. Both nations expressed satisfaction with the progress in bilateral cooperation across various sectors, including development, connectivity, trade, energy, and innovation.

They agreed to intensify efforts towards further enhancing the multifaceted India-Nepal partnership to take it to new heights.

— ReleaseExpressing commitment to strengthening bilateral ties.

Discussions also covered regional and multilateral issues. India handed over 72 health facilities and 12 cultural heritage projects to Nepal, which were completed under India's post-2015 Earthquake Reconstruction Assistance. The meeting, the first between foreign ministers since Nepal's new government took office in March 2026, occurred in a "warm, friendly and constructive atmosphere," reflecting the unique ties between the two countries.

This agreement will benefit the people of India and Nepal by providing an institutional legal framework to enhance the effectiveness of investigation, prosecution and judicial proceedings relating to cross-border crimes.

— ReleaseExplaining the benefits of the Mutual Legal Assistance Agreement.
DistantNews Editorial

Originally published by Times of Oman in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog