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India Post, NIPL To Ease Global UPI Remittances

2025-07-26

The Department of Posts (DoP), Ministry of Communications, Government of India, and NPCI International Payments Limited (NIPL), the overseas arm of the National Payments Corporation of India, have signed a Non-Disclosure Agreement (NDA) for a pioneering collaboration to revolutionise inward remittances to India.

This initiative will integrate India’s Unified Payments Interface (UPI) with the Universal Postal Union’s Interconnection Platform (UPU-IP), creating a cost-effective, secure and real-time remittance solution for the Indian diaspora.

The partnership aims to modernise cross-border payment services and boost financial inclusion, especially in areas underserved by conventional banking. It will utilise India Post’s wide-reaching network alongside UPI’s digital capabilities to enhance the affordability, speed and safety of remittances.

Key features of the initiative:

Lower Costs: The UPI-UPU-IP integration will reduce transaction costs, easing the financial burden on Indian workers abroad.
Secure Transactions: The platform combines UPI’s robust digital security with India Post’s trusted reputation.
Wider Reach: The use of global postal networks will enable UPI-based remittances to reach remote locations in India.
Real-Time Transfers: Technology will facilitate instant fund transfers, ensuring faster support for families in India.

Mr L.K. Dash, Deputy Director General, International Relations and Global Business, Department of Posts, said, “This partnership demonstrates our commitment to offering affordable financial services to all citizens, including the global Indian community.”

Mr Ritesh Shukla, CEO of NPCI International, added, “This collaboration with India Post will expand UPI’s global footprint and enhance the remittance experience for millions of Indians by making cross-border payments faster and more accessible.”