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.”

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..