Recently, there has been a major development in the world of digital payments that is set to benefit both Indian UPI users and Nepalese merchants. Indian users of the Unified Payments Interface (UPI) can now make payments to merchants in Nepal through QR codes.
How Does It Work?
The process is quite simple. When a Nepalese merchant generates a QR code for their payment, Indian UPI users can scan this code using their mobile payment apps and make the required payment. This means that Indian tourists visiting Nepal or even those residing in India can now easily make payments to Nepalese merchants without any hassle.
Benefits for Indian UPI Users
This development opens up a whole new market for Indian users of UPI. They no longer have to worry about carrying cash or foreign currency when travelling to Nepal. With just their mobile phones, they can conveniently make payments to local merchants without any currency exchange hassles.
Convenience: UPI users can make payments with just a few taps on their smartphone, making it a convenient option for both domestic and international transactions.
Security: UPI transactions are secure and encrypted, providing peace of mind to users while making payments abroad.
All You Need To Know
If you are an Indian UPI user looking to make payments to Nepalese merchants via QR codes, here are a few things you need to know:
- You need a smartphone with an active internet connection.
- You should have a UPI-enabled mobile payment app installed on your device.
- You will need to scan the QR code generated by the Nepalese merchant using your payment app.
- You can then enter the amount you wish to pay and authorize the transaction using your UPI PIN.
Conclusion
This new feature allowing Indian UPI users to pay Nepalese merchants via QR codes is set to revolutionize cross-border digital payments between the two countries. It offers convenience, security, and ease of use for both parties involved in the transaction. With this seamless mode of payment now available, Indian tourists and residents alike can enjoy shopping and dining experiences in Nepal without worrying about carrying physical cash or dealing with foreign currency exchange rates.
