PhonePe showcases its services powered by UPI in Nepal

Srinagar, May 3: PhonePe today showcased its services powered by the Unified Payments Interface (UPI) platform at a special event held in Kathmandu, Nepal.

A statement here said that the event brought together key stakeholders from the Nepalese financial landscape, including senior representatives from Banking sectors, Payment System Providers, UPI accepting merchants and representatives from business associations.

The event was supported by Nepal’s largest payment system operator Fonepay payment Service Limited which is also NIPL’s counterpart for Nepal.

The event saw a keynote address from Diwas Sapkota, CEO of FonePay Network, outlining the potential of UPI for Nepal's digital economy. This was followed by an engaging panel discussion on the Influence of cross-border payments on Nepal’s economy and the financial landscape.