NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India, has entered into a strategic partnership with BENEFIT, Bahrain’s leading fintech company, to enable real-time, secure cross-border remittances between India and Bahrain.

This collaboration links India’s Unified Payments Interface (UPI) with Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ service, enabling instant money transfers for users in both countries. Advertisement

Established under the guidance of the Reserve Bank of India and the Central Bank of Bahrain, the initiative aims to streamline remittances and boost financial inclusion. It is especially significant for Bahrain’s Indian diaspora, which makes up nearly 30% of the population.

“This collaboration

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