Nepal-India crossborder digital payment system to be on the floors soon

According to the agreement reached during Prime Minister Pushpa Kamal Dahal’s India visit in May/June 2023 , the preparation for the Nepal-India digital payment system has reached its final stage.

On June 1, in the presence of Prime Minister Dahal and his Indian counterpart Narendra Modi, an agreement was signed between India’s National Payment Corporation of India ( NPCI ) and Nepal Clearing House Limited ( NCHL ) to initiate cross-border digital payments by connecting the systems of the two entities. The digital transactions can be completed through bank transfers, wallets, and mobile banking, facilitated by QR scanning.