Nepal adopts India’s UPI for digital transactions
PTI, Mar 24, 2022, 2:39 PM IST
New Delhi: Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.
Earlier this year, Bhutan also launched a BHIM-UPI-based payment service for digital transactions, as per the article tweeted by PIB on Thursday.
”Many countries praised the CoWin app, which was created for vaccination during the first COVID period and Nepal has now adopted India’s UPI for digital transactions. It will bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions,” the article said.
UPI was launched in India in 2016.
According to official data, Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) has emerged as the preferred payment mode of the citizens and has achieved a record of 452.75 crore digital payment transactions with the value of Rs 8.27 lakh crore till February 28, 2022.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Deep-tech drives growing patenting patterns in India; highest filings in Tamil Nadu: Study
Don’t blame Dubai’s freak rain on cloud seeding
ISRO Gears Up to Test Critical Parachute Safety of Gaganyaan
Indian students bag NASA awards for Human Exploration Rover Challenge
‘Mastering the Data Paradox’: Book uncovers pivotal role of data in AI age
MUST WATCH
Latest Additions
Elections held in 14 LS segments in Karnataka, voter turnout nearly 64 per cent till 5 pm
‘PM is scared, may even shed tears on stage’: Rahul Gandhi’s fresh salvo at Modi
Cache of arms including foreign-made revolvers seized by CBI in Sandeshkhali raids
24 Indian Fishermen Released from Sri Lankan Detention, Repatriated to India
Deep-tech drives growing patenting patterns in India; highest filings in Tamil Nadu: Study