Indian tourists in Nepal to be allowed to use Indian e-wallets to boost trade
The deal is expected to be signed during Prime Minister Pushpa Kamal Dahal's visit to India scheduled for sometime before mid-April.
Photo for representation. PTI
New Delhi: In order to boost trade and tourism by eliminating currency hassles, Nepal and India are set to sign an agreement for cross-border digital payment using the e-wallet.
According to a report in the Kathmandu Post, The deal is expected to be signed during Prime Minister Pushpa Kamal Dahal’s visit to India scheduled for sometime before mid-April.
According to the reports, the two neighbours have chalked out an agreement for this purpose, and the document is awaiting signatures from both countries’ officials.
An overland Indian visitors’ survey conducted before the Covid-19 pandemic showed that the average length of stay of Indian tourists coming overland was 5.8 days. The average expenditure per visitor was Rs 11,310.
According to reports, the advantage of travelling to Nepal is that one did not need to change money.
Tourism entrepreneurs say that the launch of digital payment services will eliminate the hassle of carrying large amounts of cash for Indian tourists and businessmen in Nepal.
The National Payment Corporation of India and its international arm International Payments had joined hands with Gateway Payment Service and Manam Infotech to deploy a unified payment interface in Nepal.
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