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Nepal adopts India’s UPI for digital transactions
Earlier this yr, Bhutan additionally launched a BHIM-UPI based mostly cost service for digital transactions
Nepal has adopted the unified cost interface developed by India for digital transactions, a authorities periodical mentioned in its newest version.
Earlier this yr, Bhutan additionally launched a BHIM-UPI based mostly cost service for digital transactions, as per the article tweeted by PIB on Thursday.
“Many international locations praised the CoWin app, which was created for vaccination throughout the first Covid interval and Nepal has now adopted India’s UPI for digital transactions. It should bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions,” the article mentioned.
UPI was launched in India in 2016.
In response to official knowledge, Bharat Interface for Cash-Unified Funds Interface (BHIM-UPI) has emerged as the popular cost mode of the residents and has achieved a file of 452.75 crore digital cost transactions with the worth of Rs 8.27 lakh crore until February 28, 2022.
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