You are here: Home » Current Affairs » News
Covid has reversed progress made in fight to end Tuberculosis, says WHO
Rampurhat killings suspect will be given strictest punishment: WB CM
Business Standard

Nepal adopts UPI developed by India for digital transactions

Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.

Topics
UPI | digital transactions | Nepal

Press Trust of India  |  New Delhi 



UPI AutoPay

has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.

Earlier this year, Bhutan also launched a BHIM- based payment service for digital transactions, as per the article tweeted by PIB on Thursday.

"Many countries praised the CoWin app, which was created for vaccination during the first COVID period and has now adopted India's for . It will bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions," the article said.

was launched in India in 2016.

According to official data, Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) has emerged as the preferred payment mode of the citizens and has achieved a record of 452.75 crore digital payment transactions with the value of Rs 8.27 lakh crore till February 28, 2022.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, March 24 2022. 14:36 IST

RECOMMENDED FOR YOU