India, Nepal sign pact to link UPI, NPI for faster remittances

Syllabus: GS-II

Subject: International Relations

Topic: India & Its neighbourhood.

Issue: UPI

Context: India’s Reserve Bank of India (RBI) and Nepal’s Nepal Rastra Bank (NRB) signed and exchanged Terms of Reference (ToR).


  • Integrates fast payment systems between the two countries.
  • To facilitate cross-border remittances, enabling users to make instant, low-cost fund transfers.
  • Deepening of financial connectivity between India and Nepal.
  • Reinforcing the enduring historical, cultural, and economic ties between the two countries.

+ Mains

Enhances financial connectivity and streamlines cross-border remittances between India and Nepal through the integration of their fast payment systems.
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