NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement.

NIPL is an international arm of the National Payments Corporation of India (NPCI). NIPL collaborated with Fonepay, Nepal's largest payment network, to launch the cross-border P2M UPI acceptance in March 2024.

Supported by a Mobile-based real-time payment system, UPI is already widely accepted in several countries, including Bhutan, France, Mauritius, Singapore, Sri Lanka, and the UAE, making it one of the largest real-time payment platforms globally.