Nepal, India launch Cross Border Payment transactions

World Sunday 07/June/2026 10:24 AM
By: ANI
Nepal, India launch  Cross Border Payment transactions

New Delhi : Nepal Foreign Affairs Minister Shisir Khanal, who arrived in India on June 5 at the invitation of External Affairs Minister S Jaishankar, held bilateral talks in New Delhi on Saturday.

The ministers jointly launched the Peer-to-Peer (P2P) linkage between Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal for facilitating cross-border personal remittances between India and Nepal, the release further said.


The ministers witnessed the signing of the MoU between Digital India Bhashini and Kathmandu University for co-creating the National Digital Infrastructure for the "Voice First" Language Translation platform.

They reviewed the full spectrum of India-Nepal bilateral relations covering development cooperation, connectivity, trade and transit, energy, and people-to-people ties. They also exchanged views on regional and multilateral issues of mutual interest, the release said.

The ministers expressed satisfaction over the progress achieved in bilateral cooperation across diverse sectors and welcomed the recent initiatives to enhance cooperation in areas of innovation and startups, digital and financial technology, and training and capacity building. They agreed to intensify efforts towards further enhancing the multifaceted India-Nepal partnership to take it to new heights.

The deals followed delegation-level talks between Khanal and his Indian counterpart S Jaishankar in New Delhi. One of them is operationalisation of the peer-to-peer Cross Border Payment transactions under a deal between the NCHL and NPCI signed in June 2023.

In June 2023, the Nepal Clearing House Limited (NCHL) and the NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), signed an MoU in New Delhi to start cross-border digital payments and remittances between Nepal and India.

https://kathmandupost.com/national/2026/06/06/nepal-india-to-operationalise-cross-border-digital-paymentsBoth ministers welcomed the completion of internal processes for entry into force of the India-Nepal Mutual Legal Assistance Agreement in Criminal Matters (MLAA). This agreement will benefit the people of India and Nepal by providing an institutional legal framework to enhance the effectiveness of investigation, prosecution and judicial proceedings relating to cross-border crimes.

Following the discussions, Jaishankar handed over 72 health facilities and 12 cultural heritage projects to Nepal, completed under India's post-2015 Earthquake Reconstruction Assistance.

The discussions were held in a warm, friendly and constructive atmosphere, reflecting the unique and special ties between the two countries.

During the visit, Foreign Minister Khanal also met National Security Advisor Ajit Doval.

This was the first visit at the level of Foreign Minister between the two countries since the new Government assumed office in Nepal in March 2026.

Nepal is a priority partner of India under its 'Neighbourhood First' policy, and the visit reinforced the tradition of regular high-level exchanges between the two close and friendly neighbours. It provided an opportunity to exchange views on enhancing the bilateral partnership to fulfil the aspirations of people from both countries, and has imparted fresh vigour to our efforts towards this objective.