Department of Posts and NIPL sign NDA to link UPI with UPU platform for remittances
On 24 July 2025, the Department of Posts and NPCI International Payments Limited signed a non-disclosure agreement to build an inward remittance channel linking UPI with the Universal Postal Union's Interconnection Platform.
Summary
The Department of Posts (DoP) and NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India, signed a Non-Disclosure Agreement on 24 July 2025 to collaborate on transforming inward remittances to India. The initiative will integrate the Unified Payments Interface (UPI) with the Universal Postal Union (UPU) Interconnection Platform to create a secure and affordable remittance channel for the Indian diaspora.
Key facts
- Date
- 24 July 2025
- Parties
- Department of Posts and NIPL
- Agreement
- Non-Disclosure Agreement
- Integration
- UPI with UPU Interconnection Platform
- Aim
- Cheaper, secure inward remittances
Practice MCQs 1 questions
Under the DoP-NIPL initiative announced on 24 July 2025, UPI is to be integrated with which platform for inward remittances?
Show answer
Correct answer: D — Universal Postal Union (UPU) Interconnection Platform
PIB (24 July 2025): the partnership will leverage UPI and the Universal Postal Union (UPU) Interconnection Platform to create a remittance channel for the Indian diaspora.