PhonePe Introduces UPI-powered Services in Nepal for Seamless Digital Transactions
New Delhi: PhonePe has introduced its innovative services, powered by the Unified Payments Interface (UPI), in Nepal. The vibrant event, held in Kathmandu, brought together key players from Nepal’s financial landscape, including banking sectors, payment system providers, and business associations.
The event began with a keynote address by Diwas Sapkota, CEO of Fonepay Network, who highlighted the transformative potential of UPI for Nepal’s digital economy. A panel discussion followed, exploring the impact of cross-border payments on Nepal’s financial landscape. Esteemed panellists from various sectors shed light on the positive influence of UPI on Nepal’s tourism sector and its broader implications for economic growth.
Ritesh Pai, CEO of International Payments at PhonePe, led an engaging presentation, showcasing the evolution of PhonePe and its commitment to driving the democratization of payments. Attendees were treated to demonstrations of solutions benefiting both Indian tourists and Nepalese merchants, illustrating how UPI can revolutionize transactions across borders.
Speaking at the event, Ritesh Pai expressed excitement about showcasing UPI services in Nepal, emphasizing the collaborative effort behind this milestone. He highlighted how Indian tourists can now enjoy convenient cashless payments in Nepal, enhancing their travel experience and promoting digital transactions.
Diwas Kumar, CEO of Fonepay Nepal, shared his pride in introducing UPI payments, envisioning a future where digital transactions propel economic growth and financial inclusion. He emphasised the importance of fostering an ecosystem that embraces innovation and supports partnerships for technological advancements in Nepal.
Introducing PhonePe’s UPI-powered services significantly enhances digital transactions and fosters economic growth in Nepal.
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