The Department of Posts (DOP), Ministry of Communications, Government of India and NPCI International Payments Limited (NIPL), International Assistant of National Payments Corporation of India have signed a Non-Complication Agreement (NDA) to start a transformational project for arrivals in India.
The Department of Posts and NPCI International are joining the army to create a seamless, safe and low -cost remittance channel for Indian migrants worldwide. The initiative will integrate India’s domestic integrated payment interface (UPI) with the Universal Postal Union (UPU) interconnection platform (IP), which will avail huge global postal network and digital payment technology.
The NDA was formally exchanged at an official signature ceremony by Mr. LK Das, Deputy Director General (International Relations and Global Trade) of the Department of Posts and Mr. Ritesh Shukla, CEO of NPCI International Payments Limited.
Speaking on the occasion, Mr. Das commented, “We are thrilled to partnership with NIPL on this innovative project. This cooperation is in line with our commitment to provide accessible and cheap financial services to all citizens including Indian Diaspora. By taking advantage of the UPI Interconnection platform and UPI network, we believe that we can really create transmission solutions.
Mr. Shukla said,
“NIPL is committed to expand UPI’s access to the UPI globally and enabling cross -border payments. We believe this partnership with the Department of Posts will unlock important opportunities for financial inclusion and increase the remittance experience for millions of Indians worldwide.
There will be a global footprint for integration. Postal networks and UPI infrastructure access to the world worldwide, the partnership aims to provide services in remote places where traditional banking facilities are limited or unavailable. This is an important step towards inclusive financial services.
The official announcement of cooperation was made on July 24, 2025 during a formal exchange program held in New Delhi.
India is the top recipient of the world of dispatch. However, high transaction costs and limited access to rural areas have faced challenges. This initiative directly addresses these pain points, providing sectors and beneficiaries an affordable and accessible option.
The remittance system will use UPI’s real -time transaction capabilities and connectivity of UPU IP. The main features include:
1. Tulled transfer: Low remittance fee due to digital and postal coordination.
2. Safe transaction: Supported by strong security of UPI and reliability of postal services.
3. Comprehensive access: ability to serve rural and remote areas through postal networks.
4. Immediate transfer: real -time wealth movement, bringing recipients back home almost immediately.
This unprecedented cooperation promises to redefine the future of dispatch in India, providing millions of Indians abroad to support their families abroad to support their families.
