Nepal has adopted the unified paymeꦓnt interface developed by India for digital transactions, a government periodical said in its latest edition.
Earlier this year, Bhutan also ꦐlaunched a BHIM-UPI based payment service for digit🦩al transactions, as per the article tweeted by PIB on Thursday.
"Many countries praised the CoWin app, which was created for vaccination during the first COVID period and Nepal has now adopted India's UPI for digital 𝔉transactions. It will bolster🐲 interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions," the article said.
UPI was launched in India in 2016.
According to official data, Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) has emerged as t𝔉he preferred payment mode of the citizens and has achieved a record of 452.75 crore digital payment transactions with the value of Rs 8.27 lakh crore till February 28, 2022.
