Revolutionizing Inward Remittances to India
The Department of Posts and NPCI International Payments Limited have signed a Non-Disclosure Agreement to transform inward remittances to India. This collaboration will utilize the Unified Payments Interface (UPI) and the Universal Postal Union (UPU) Interconnection Platform to create a secure, affordable remittance channel for the Indian diaspora. Key benefits include reduced costs, secure transactions, wider accessibility, and real-time transfers, enhancing financial inclusion for millions of Indians abroad.
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