Nepal will be the first country to adopt India's UPI system, which will play a pivotal role in transforming the digital economy of the neighbouring country.
Reserve Bank of India has mandated NBFC - Middle and Upper Layers with 10 or more 'Fixed point service delivery units' (as on October 1, 2022) to implement 'Core Financial Services Solution (CFSS)' latest by September 30, 2025.
EXAMIANS