Nepal will be the first country to adopt India’s UPI system:
Nepal will be the first country to adopt India’s UPI system. Nepal Govt thinks UPI will play a vital role in transforming the digital economy of the country and help in further digital inclusion. NPCI International Payments Ltd (NIPL), the international arm of the National Payments Corporation of India (NPCI), has joined hands with Gateway Payments Service (GPS) & Manam Infotech to provide the services. Gateway Payments Service is the authorized payment system operator in Nepal while Manam Infotech will deploy the Unified Payments Interface (UPI) in Nepal.
NPCI was established in 2008 under the companies act 2013 by RBI and Indian Banks' Association, to settle and carry retail payments. On 11th April 2016 NPCI introduced UPI in India which helped hugely in digital inclusion in India. UPI is a real-time person-to-person (P2P) and person-to-merchant (P2M) transactions mechanism.
SPECIAL NOTES FOR ASPIRANTS:
- Capital of Nepal: Kathmandu
- Currency of Nepal: Nepalese rupee.
- Nepal President: Bidhya Devi Bhandari.
- Prime Minister of Nepal: Sher Bahadur Deuba
- Nepal Official Language: Nepali
- Eight of the world's top 10 tallest mountain peaks is located in Nepal, Including Everest(World Tallest Mountain Peak)
0 Comments
You can ask anything you want related to competitive examination. Be courteous while commenting . You can request the content you want from us.