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India and Nepal launch instant cross-border remittance link
India and Nepal have launched an instant cross-border remittance corridor, enabling real-time money transfers between the two countries. The link reduces friction and cost for the estimated 5+ million Nepali workers sending money home from India.
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The Wire takeaway
If you're building remittance rails for South Asia, a government-backed corridor just killed the speed argument for your product. The move is now cost, compliance, and customer access - not settlement time.
Read the full story at msn.com →
Topics: Fintech · remittance-infrastructure · india-nepal · instant-payments · cross-border-rails · financial-inclusion