India Post, NIPL To Ease Global UPI Remittances

26 Jul 2025 CW Team

The Department of Posts (DoP), Ministry of Communications, Government of India, and NPCI International Payments Limited (NIPL), the overseas arm of the National Payments Corporation of India, have signed a Non-Disclosure Agreement (NDA) for a pioneering collaboration to revolutionise inward remittances to India.

This initiative will integrate India’s Unified Payments Interface (UPI) with the Universal Postal Union’s Interconnection Platform (UPU-IP), creating a cost-effective, secure and real-time remittance solution for the Indian diaspora.

The partnership aims to modernise cross-border payment services and boost financial inclusion, especially in areas underserved by conventional banking. It will utilise India Post’s wide-reaching network alongside UPI’s digital capabilities to enhance the affordability, speed and safety of remittances.

Key features of the initiative:

Lower Costs: The UPI-UPU-IP integration will reduce transaction costs, easing the financial burden on Indian workers abroad.
Secure Transactions: The platform combines UPI’s robust digital security with India Post’s trusted reputation.
Wider Reach: The use of global postal networks will enable UPI-based remittances to reach remote locations in India.
Real-Time Transfers: Technology will facilitate instant fund transfers, ensuring faster support for families in India.

Mr L.K. Dash, Deputy Director General, International Relations and Global Business, Department of Posts, said, “This partnership demonstrates our commitment to offering affordable financial services to all citizens, including the global Indian community.”

Mr Ritesh Shukla, CEO of NPCI International, added, “This collaboration with India Post will expand UPI’s global footprint and enhance the remittance experience for millions of Indians by making cross-border payments faster and more accessible.”

Infrastructure Urban

25 Sep 2025

PNC Infratech Bags Rs 4.96 Billion Bihar Bridge Project

PNC Infratech Ltd on Friday announced it has received a letter of acceptance (LoA) worth Rs 4.96 billion from the Bihar State Road Development Corporation (BSRDC).The contract involves constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering a total distance of 21.3 km. Awarded under the Engineering, Procurement, and Construction (EPC) model, the project is scheduled for completion within 1,095 days, or three years.The company confirmed that neither its promoters nor group entities hold any financial or business interest in the awarding a..

India Secures Second Deep-Sea PMS Exploration Contract

Union Minister Dr Jitendra Singh announced the signing of a 15-year contract between the Ministry of Earth Sciences (MoES) and the International Seabed Authority (ISA) granting India exclusive rights to explore Polymetallic Sulphides (PMS) across a 10,000 sq km area of the Carlsberg Ridge in the Indian Ocean, according to an MoES release.With this agreement, India becomes the first country globally to hold two PMS exploration contracts with ISA, reinforcing its pioneering role in deep-sea resource exploration and strategic presence in the Indian Ocean.Dr Singh said the contract represents a ma..

Odisha Unveils Policy to Attract Investment in Pumped Storage

The Odisha government, after identifying 45 potential sites for Pumped Storage Projects (PSPs) earlier this year, has introduced a policy framework to monitor and regulate PSPs in the state. The policy is designed to attract investment from public and private developers and aligns with the PSP Policy 2025 and the Renewable Energy Policy 2022.The Energy Department’s latest Operational Guidelines to Odisha PSP Policy identify potential locations for off-the-river closed-loop PSPs. With many sites still unregistered or unsurveyed by state and central agencies, and with the growing importance of..