Nabil Bank has partnered with Payment Nepal to provide approval for its mobile-based real-time payment system, Unified Payment Interface (UPI), in Nepal. The agreement was signed by Anil Keshari Shah, Chief Executive Officer of Nabil Bank and Rajesh Prasad Manandhar, Chief Executive Officer of Gateway Payment Services.
UPI is a real-time payment system developed by the National Payments Corporation of India to facilitate inter-bank and cross-border transactions.
This partnership will enable millions of Nepalis and Indians who travel across the border every year to pay for health, education and business services to pay for their purchases seamlessly using UPI-based mobile applications at shops and merchants in both countries.
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