Dept of Posts and NIPL join hands to bring affordable remittance channels
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 solutions .
On the other hand, Ritesh Shukla (CEO, NPCI International Payments Limited) said, 'NIPL is working rigorously to expand the reach of UPI (Unified Payments Interface) globally for promoting seamless cross-border payments. We believe that the partnership will unlock a plethora of opportunities for financial inclusion.'
The collaboration will act as a catalyst for promoting financial inclusion across India. It will bring affordable remittances, secure easy transactions, promote accessibility, and seamless real-time transfers.
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