Which country will be the first foreign country to adopt India's UPI system?

The correct answer is Nepal.

Key Points

• National Payments Corporation of India (NPCI) has announced that Nepal will be the first foreign country to adopt India's UPI system.
• The international arm of NPCI, NPCI International Payments Ltd (NIPL) has joined hands with Gateway Payments Service (GPS) and Manam Infotech to provide the services in Nepal.
• Gateway Payments Service is the authorized payment system operator in Nepal.

Important Points

• This collaboration is expected to serve the larger digital public good in Nepal and bolster interoperable real-time person-to-person (P2P) and person-to-merchant (P2M) transactions in the neighbouring country.
• It will help modernize Nepal's digital payment infrastructure.

Additional Information

• The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems under the ownership of Reserve Bank of India in India.
• NPCI was founded in 2008.
• It is headquartered in Mumbai.
• Nepal:
  • Capital - Kathmandu.
  • Currency - Nepalese rupee.