{"id":92983,"date":"2023-06-05T17:52:58","date_gmt":"2023-06-05T12:07:58","guid":{"rendered":"https:\/\/techlekh.com\/?p=92983"},"modified":"2023-06-22T14:37:47","modified_gmt":"2023-06-22T08:52:47","slug":"nepal-india-digital-payment","status":"publish","type":"post","link":"https:\/\/techlekh.com\/nepal-india-digital-payment\/","title":{"rendered":"Nepal, India Sign Agreement for Cross-Border Digital Payment"},"content":{"rendered":"
HIGHLIGHTS<\/strong><\/p>\n Nepali and Indian citizens may soon be able to make payments in both countries using their respective country’s digital payment applications, as both nations have signed an agreement for cross-border digital payments.<\/p>\n Neelesh Man Singh Pradhan, CEO of Nepal Clearing House Limited (NCHL), and Ritesh Shukla, CEO of NPCI International Payments Limited (NIPL), signed a memorandum of understanding (MoU) in the presence of Nepali Prime Minister Pushpa Kamal Dahal ‘Prachanda’ and Indian counterpart Narendra Modi during the ongoing state visit of Prime Minister Dahal to India. The signing took place at Hyderabad House, New Delhi on Thursday, June 1, 2023.<\/p>\n NIPL serves as the international arm of the National Payments Corporation of India<\/a> (NPCI), an umbrella organization responsible for operating retail payment and settlement systems in India.<\/p>\n ALSO READ: <\/span>Fonepay Partners with LankaPay for Cross-Border Payments<\/a><\/strong><\/p>\n The collaboration aims to establish cross-border connectivity for financial transactions between the two countries to ease fund transfers and merchant payments by users including students, pilgrims, and travelers.<\/p>\n\n