IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through Unified Payments Interface (UPI).

• Just Dial Stocks Skyrocketed 15% On Announcement of Q4FY24 Business and Financial Updates
• Swing-Trading 101: Capturing Market Moves with Flexibility
• Jubilant Pharmova Shares Climbed 8% On Announcing Ceastion of Loss Making Arm’s Operations in Salisbury, USA
• Paytm Shares Gained 4.5% on NPCL’s Approval To Create New VPAs with Axis, HDFC, SBI, and Yes Bank
• Ambuja Cements Shares Gained 3% On Receiving Additional Rs 8,339 Crore Investment From Adani Group

IndusInd Bank has become the first Indian bank to go live on UPI for cross-border payments/NRI remittances. Under this arrangement, Money Transfer Operator (MTO) partners of IndusInd Bank would use the bank’s channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.