First Business News Portal in English from Nepal
KATHMANDU: Expressing their desire to take forward the bilateral relations between the two countries to a new height, Prime Minister Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba have launched the indigenously-developed Rupay Card in Nepal, becoming the ninth country to adopt the payment network.
Deuba is in the national capital New Delhi to hold bilateral talks with his Indian counterpart, wherein the two sides have vowed to further expand their bilateral relations amidst the strained ties over boundary issues that erupted about a year ago.
“The launch of the RuPay card in Nepal will add a new chapter to our financial connectivity,” said PM Modi in a joint statement with his Nepalese counterpart.
Prior to Nepal, the Rupay Card was launched in Bhutan, Singapore, and the UAE among others.
RuPay is a global card payment network from India with wide acceptance at shops, ATMs, and digital. It was conceived and launched by the National Payment Corporation of India (NPCI) in 2012 for making cashless payments for purchases.
According to the Rupay website, it has a highly-secured network that protects against anti-phishing. It is India’s answer to global payment networks.
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