Indian technology press
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TechObserver · India · UPI processes 23.2 billion transactions in May, goes live in Cambodia and Nepal
Reports the June 6, 2026 launch of the direct UPI-NPI (Nepal Payments Network) link, enabling real-time mobile money transfers between India and Nepal without a correspondent bank. Explains this is distinct from UPI QR-code acceptance: it is a bilateral clearing rail between the two national payment systems.
“India and Nepal launched a direct UPI-NPI link on June 6, enabling real-time mobile money transfers without correspondent banking.”