25-07-2025
- Business
- United News of India
Dept of Posts and NIPL join hands to bring affordable remittance channels
New Delhi, July 25 (UNI) 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 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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