The first country to adopt Indias UPI system will be Nepal which will be critical in modernising the neighbouring countrys digital economy.
To deliver the Services in Nepal, NPCI International Payments Ltd (NIPL), NPCIs international arm, has partnered with Manam Infotech and Gateway Payments Service (GPS). In Nepal, GPS is the authorized payment system operator, and Manam Infotech will implement the Unified Payments Interface (UPI) there.
Purpose of the collaboration
According to NPCI, the collaboration will benefit Nepals greater digital public good by strengthening interoperable real-time person-to-merchant (P2M) and person-to-person (P2P) transactions in the neighbouring country. This collaboration will allow the citizens of Nepals last-mile consumers to benefit from an interoperable, open payment system that enables real-time financial transfers between merchant payments and bank accounts.