India-Nepal UPI-NPI Remittance Linkage
Analysis based on 21 articles · First reported Jun 09, 2026 · Last updated Jun 11, 2026
The launch of the UPI-NPI linkage between India>>> and Nepal>>> is expected to significantly boost digital transaction volumes and financial inclusion in both countries. This initiative will benefit financial institutions like Everest Bank>>>, Global IME Bank>>>, Machhapuchchhre Bank>>>, Nabil Bank>>>, Nepal SBI Bank>>>, Himalayan Bank>>>, NMB Bank>>>, and Siddhartha Bank>>> by expanding their digital payment services and customer reach, potentially increasing their transaction revenues and market share in cross-border remittances. The tourism and retail sectors in Nepal>>> are also likely to see increased spending from Indian visitors due to easier digital payment options.
India>>> and Nepal>>> have launched a real-time, peer-to-peer (P2P) cross-border remittance mechanism, linking India>>>'s Unified Payments Interface (UPI) with Nepal>>>'s National Payments Interface (NPI). This service, operationalized on June 6, 2026, allows users in both countries to send and receive money instantly using mobile numbers, virtual payment addresses (VPAs), or UPI IDs, eliminating the need for sensitive bank account details. The initiative is a collaboration between National Payments Corporation of India — National Payments Corporation of India>>> (NIPL), a subsidiary of India — National Payments Corporation of India>>>, and Nepal Clearing House>>> (NCHL), promoted by Nepal — Nepal Rastra Bank>>>. The linkage aims to strengthen financial inclusion, boost digital and economic connectivity, and enhance convenience for travelers, families, and businesses. Initially available through select banks such as Everest Bank>>>, Global IME Bank>>>, Machhapuchchhre Bank>>>, Nabil Bank>>>, and Nepal SBI Bank>>>, with Himalayan Bank>>>, NMB Bank>>>, and Siddhartha Bank>>> also facilitating remittances, the service will expand to more financial institutions. This project aligns with the G20's vision for faster, more accessible, and affordable cross-border payments, reinforcing the longstanding social, cultural, and economic ties between the two nations.
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