New Delhi, July 25 -- The Department of Posts (DoP) and NPCI International Payments Limited (NIPL) have signed a Non-Disclosure Agreement (NDA) to work on an initiative aimed at transforming inward remittances in India. The collaboration aims to harness the potential of both the Unified Payments Interface (UPI) and the Unified Postal Union (UPU) Interconnection Platform (IP) to establish a seamless, secure, and affordable remittance channel.
LK Dash, DDG International Relations and Global Business, Department of Posts, said this collaboration is the next step in providing accessible and affordable financial services to citizens. By successfully leveraging the UPU Interconnection Platform and UPI networks we can bring affordable remittance ...