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RBI and Nepal Rastra Bank Collaborate for UPI-NPI Linkage to Boost Cross-Border Digital Payments

16Feb

By Ankit1 Comment

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RBI and Nepal Rastra Bank Collaborate for UPI-NPI Linkage to Boost Cross-Border Digital Payments

RBI and Nepal Rastra Bank Sign Pact for UPI-NPI Linkage The Reserve Bank of India (RBI) and the Nepal Rastra Bank (NRB) have signed terms of reference to integrate their fast payment systems, India's Unified Payments Interface (UPI) and Nepal's National Payments Interface (NPI). This collaboration aims to streamline cross-border remittances between the two countries, enabling users of both systems to conduct instant, cost-effective fund transfers. After the signing of the terms of reference, the necessary systems will be implemented to interlink UPI and NPI. The formal launch of the UPI-NPI linkage will take place at a later date, as announced by the RBI. This integration between the RBI and NRB will deepen financial connectivity and reinforce the historical, cultural, an...

Fintech Magic: Making Money Simple and Fast for Young Indians

Exploring the Charm of Fintech: A Tale for Our Young Desi Minds Ram Ram doston! Have you ever wondered about the enchanting world where paisa meets technology? Well, that's Fintech in literal terms! Today, let's embark on a journey to demystify the wonders of Fintech in simple words that even our youngest friends can understand. What is Fintech? Using the power of technology to make money matters simpler, fast, and more enjoyable! It's a fusion of "Finance" and "technology." Imagine your piggy bank having its own tez dimaag and superpowers – that's what Fintech is all about! How does it work? Think about how you receive your pocket money. Usually, it's a physical exchange – a few coins or notes handed over to you. Fintech changes this game by making money digital. It's like having...

Safeguarding Your Finances: Understanding UPI Frauds and Mitigating Risks

Understanding UPI Frauds: With the rapid growth of digital transactions in India, the Unified Payments Interface (UPI) has emerged as a popular and convenient mode of transferring money. However, with the increased adoption of UPI, there has also been a rise in various types of frauds targeting unsuspecting users. In this article, we will explore common types of UPI frauds and provide valuable tips on how the general public can mitigate the risks associated with them. Types of UPI Frauds: Phishing Attacks: Fraudsters often use deceptive emails, messages, or fake websites to trick users into revealing their UPI credentials. Mitigation: Be cautious of unsolicited messages or emails. Always verify the authenticity of the website and double-check the sender's details befor...