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==== Nepal ==== | ==== Nepal ==== | ||
On 17 February 2022, NIPL announced | On 17 February 2022 ([[Indian National Calendar|INC]]: 28 saura Māgha 1943), NPCI International Payments Limited (NIPL) announced plans to deploy UPI in Nepal to facilitate person-to-person (P2P) and person-to-merchant (P2M) transactions, as well as to enable cross-border remittances with India. This initiative is being undertaken in collaboration with Nepal's Manam Infotech and Gateway Payments Service.<ref>{{Cite web|date=17 February 2022|title=NPCI to deploy UPI in Nepal, first country outside India|url=https://www.businessinsider.in/business/news/npci-to-deploy-upi-in-nepal-first-country-outside-india/articleshow/89641194.cms|access-date=17 February 2022|website=Business Insider|archive-date=17 February 2022|archive-url=https://web.archive.org/web/20220217124728/https://www.businessinsider.in/business/news/npci-to-deploy-upi-in-nepal-first-country-outside-india/articleshow/89641194.cms|url-status=live}}</ref> However, the implementation of the digital payment system has faced delays due to Indian banks not updating their mobile applications to incorporate Nepal's payment features, pushing the anticipated launch to December 2023.<ref>{{Cite web |last=Prasain |first=Krishana |date=5 December 2023 |title=Nepal-India digital payment system launch delayed |url=http://kathmandupost.com/money/2023/12/05/nepal-india-digital-payment-system-launch-delayed |access-date=23 December 2023 |website=kathmandupost.com |language=English}}</ref> As of that time, banks in Nepal had completed their preparations for the integration. On 22 December 2023 ([[Indian National Calendar|INC]]: 01 saura Pauṣa 1945), Indian Ambassador to Nepal, Naveen Srivastava, announced that the first phase of digital payments between India and Nepal is scheduled to commence in February 2024.<ref>{{Cite news |date=22 December 2023 |title=India-Nepal digital payment gateway likely to start from Feb: Indian Envoy |work=Business Standard |url=https://www.business-standard.com/india-news/india-nepal-digital-payment-gateway-likely-to-start-from-feb-indian-envoy-123122201170_1.html |access-date=23 December 2023}}</ref> | ||
To facilitate cross-border remittances, the [[Reserve Bank of India]] (RBI) and [[Nepal Rastra Bank]] (NRB) have signed the Terms of Reference for integrating India's Unified Payments Interface (UPI) with Nepal's National Payments Interface (NPI).<ref>{{Cite web |last=Tyagi |first=Akshit |date=16 February 2024 |title=India signs agreement with Nepal for UPI integration: List of countries accepting UPI payments |url=https://www.indiatvnews.com/business/news/india-signs-agreement-with-nepal-for-upi-integration-list-of-countries-accepting-upi-payments-2024-02-16-917130 |access-date=16 February 2024 |website=India TV |language=en}}</ref> On 9 March 2024 ([[Indian National Calendar|INC]]: 19 saura Phālguna 1945), NPCI and Fonepay Payment Service announced the launch of UPI for cross-border transactions.<ref>{{Cite news |date=9 March 2024 |title=Now scan & pay with UPI in Nepal |url=https://timesofindia.indiatimes.com/business/india-business/now-scan-pay-with-upi-in-nepal/articleshow/108339712.cms |access-date=10 March 2024 |work=The Times of India |issn=0971-8257}}</ref> | |||
Starting from 27 June 2024 ([[Indian National Calendar|INC]]: 06 saura Āṣāṛha 1946), Nepal Rastra Bank began allowing Nepali citizens to make payments to merchants in India by scanning UPI QR codes. For commercial payments, a daily limit of {{INR|15,000}} and a monthly limit of {{INR|1}} lakh has been established.<ref>{{Cite web |last=Prasain |first=Krishana |date=28 June 2024 |title=Nepal permits QR code payment in India and Bhutan |url=https://kathmandupost.com/money/2024/06/28/nepal-permits-qr-code-payment-in-india-and-bhutan |access-date=2024-07-02 |website=The Kathmandu Post |language=English}}</ref> Since February 2024, Fonepay has processed over 1 lakh UPI transactions in Nepal, accumulating a transaction volume exceeding {{INR|25}} lakh.<ref>{{Cite web |date=25 June 2024 |title=Fonepay processes over 100,000 UPI transactions in Nepal |url=https://kathmandupost.com/money/2024/06/25/fonepay-processes-over-100-000-upi-transactions-in-nepal |access-date=2024-07-02 |website=The Kathmandu Post |language=English}}</ref> | |||
==== France ==== | ==== France ==== | ||