ECONOMIC POLICYNepal Rastra Bank / Bizshala•7 hours ago
Hot Score 89/100
Nepal Rastra Bank Expands Cross-Border Retail QR Interoperability with India
Mapped Location: NRB Central Office, BaluwatarView on Map →
Factual Executive Summary
Nepal Rastra Bank has issued revised unified circulars expanding real-time merchant QR settlements between Fonepay and India's UPI, streamlining payments for tourists and traders without requiring international credit cards.
Key Strategic Takeaways & Implications
Caps daily merchant settlement volume while ensuring strict AML/KYC ledger auditing.
Eliminates traditional 3.5% foreign currency exchange spreads on cross-border merchant transfers.
Requires integrated payment switches to settle within a maximum of T+1 banking hours.
#NRB#Fintech#Fonepay#UPI#Forex
Original Source Attribution: Published by Nepal Rastra Bank / Bizshala.
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