Q. Recently, NPCI has collaborated with which country’s Fonepay Payment Service Ltd to facilitate cross-border UPI transactions?
Answer:
Nepal
Notes: NPCI International Payments Ltd (NIPL) has collaborated with Fonepay Payment Service Ltd in Nepal, facilitating cross-border Unified Payment Interface (UPI) transactions between India and Nepal. Catering to around 30% of Nepal's Indian tourists, this alliance aims to enhance payment convenience for Indian travelers and streamline financial interactions, benefiting both tourists and the Nepalese economy.