National Payments Corporation of India, Fonepay tie up for cross-border QR-code

Both companies have completed operational preparations.

Fonepay, a Nepalese payment network, and NPCI International Payments (NIPL), the international arm of the National Payments Corporation of India, unveiled the first QR code-based payment solution connecting Nepal and India.

This collaboration was announced at the Global Fintech Fest 2023. The collaboration between Fonepay and NIPL enables citizens in both countries to make secure and convenient instant payments at various stores using certified mobile applications from Fonepay and NPCI.

ALSO READ: QR payments seen to skyrocket by 2028 – Study

Both companies have completed their operational preparations, and the final stages of technological integration are underway.

Once completed, the service will be made available to their issuing and acquiring members, enabling consumers and merchants to benefit from this seamless payment experience.

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