Kathmandu. Sanima Bank Limited in collaboration with Nepal Clearing House Ltd. (NCHL) has launched an India-Nepal real-time person to person (P2P) payment service. The new service will make it easier to send and receive remittances between India and Nepal in a safe, fast and low-cost manner. <\/p>\n
According to the bank, this service allows users of both countries to transfer funds digitally without sharing their bank account details. <\/p>\n
Under the service, Nepali users will be able to receive money through a virtual payment address (VPA) while Indian users will be able to send and receive money between Nepal and India using the Unified Payments Interface (UPI) ID. The bank believes that this will make the cross-border payment process simpler, safer and easier. <\/p>\n
Sanima Bank believes this service will be useful especially for students, professionals, tourists and families traveling between Nepal and India. This service will be an effective alternative to traditional remittance and other payment methods as the bank can transfer money instantly through digital medium. <\/p>\n
This service will be instrumental in facilitating the growing economic, educational and personal relations between Nepal and India and to promote digital payment systems.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Sanima Bank Limited in collaboration with Nepal Clearing House Ltd. (NCHL) has launched an India-Nepal real-time person to person (P2P) payment service. The new service will make it easier to send and receive remittances between India and Nepal in a safe, fast and low-cost manner. According to the bank, this service allows users of […]<\/p>\n","protected":false},"author":9,"featured_media":101365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45159],"tags":[],"class_list":["post-305756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=305756"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305756\/revisions"}],"predecessor-version":[{"id":305757,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305756\/revisions\/305757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/101365"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=305756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=305756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=305756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}