IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through Unified Payments Interface (UPI).
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IndusInd Bank has become the first Indian bank to go live on UPI for cross-border payments/NRI remittances. Under this arrangement, Money Transfer Operator (MTO) partners of IndusInd Bank would use the bank’s channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.
