Skip to content
LAXMI SUNRISE BANK

Nepal and India sign three key MoUs: from cross-border digital payments to AI collaboration

अर्थ सरोकार

Kathmandu. During the visit of Minister for Foreign Affairs Shishir Khanal to India, Nepal and India have signed three important agreements on expanding digital payment services across the border , handing over the post-earthquake reconstruction projects and collaborating on artificial intelligence (AI) technology. New DelhiLocated Nepalese The Embassy of Nepal issued a press release According to the press release Foreign Minister Khanal and the Indian External Affairs Minister . The agreements were made public during the bilateral meeting between Jaishankar and Jaishankar in New Delhi.

pursuant to the Memorandum of Understanding signed in 2023 between Nepal Clearing House Limited (NCHL) and National Payments Corporation of India (NPCI) in 2023 Person-to-Person(PTup) Cross-Border The digital payment service has been officially launched. The system is expected to facilitate easy remittance and receipt of money between the citizens of Nepal and India through digital means.

This will directly benefit travellers, students,workers, and citizens engaged in cross-border trade and business.So far, Indian tourists have been using digital payment facility in Nepal, but Nepali citizens in India have not been able to use this facility.

Likewise, the government has announced the formal handover of 84 post-earthquake reconstruction projects completed in Nepal with the assistance of the Indian government.Among them, 72 projects are related to health sector and 12 are related projects related to cultural heritage.

During the meeting, Kathmandu University Engineering under the School of Engineering Engineering Center for Digital Public Infrastructure and Artificial Intelligence and ‘Digital India Bhashini’ Division of India ‘Voice First'{{ A memorandum of understanding has also been exchanged on the development of national digital infrastructure for language translation platform. The collaboration is expected to contribute in the development of AI-based multilingual digital services.

Meanwhile, in an interview with Indian media NDTV, Foreign Minister Khanal said that the new government of Nepal wants to ‘reset’ relations with India.He said that the goal is to move forward towards a new phase of cooperation, leaving behind the past inconveniences and differences. He further said that the Nepal government has adopted the policy of promoting connectivity, energy, trade and technology partnership as the major priorities of the bilateral relations in the days ahead.

Hamro Patro Remit

प्रतिक्रिया दिनुहोस्

GARIMA BIKAS BANK