New Delhi, June 11 -- India and Nepal have rolled out a peer-to-peer (P2P) cross-border remittance facility, marking a major step towards strengthening digital financial connectivity between the two neighbouring countries. The service became operational on 6 June and is aimed at making money transfers easier for travellers, families and businesses, the finance ministry said on Thursday.

The initiative links India's Unified Payments Interface (UPI) with Nepal's National Payments Interface (NPI), allowing users in both countries to transfer funds instantly through mobile banking apps and digital wallets.

"The UPI-NPI linkage represents a major advancement in financial inclusion, fostering stronger economic and digital ties between India a...