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    Question

    Which of the following statements is correct regarding the agreement for cross-border digital payments between Nepal and India?

    I. It will allow Nepalese tourists in India to make digital payments using Nepalese e-wallets. NPCI and its international arm are deploying the payment system in Nepal.

    II. It will allow Indian tourists in Nepal to make digital payments using Indian e-wallets. NPCI and its international arm, along with Gateway Payment Service and Manam Infotech, are deploying the payment system in Nepal.

    III. It will allow Indian and Nepalese tourists to make digital payments using any e-wallet of their choice. NPCI and its international arm, along with Gateway Payment Service and Manam Infotech, are deploying the payment system in Nepal.

    A Only I Correct Answer Incorrect Answer
    B Only III Correct Answer Incorrect Answer
    C Only II Correct Answer Incorrect Answer
    D Both I and II Correct Answer Incorrect Answer
    E Both II and III Correct Answer Incorrect Answer

    Solution

    Nepal and India are set to sign an agreement for cross-border digital payments using e-wallet, which is expected to boost trade and tourism by eliminating currency hassles. The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm. 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. The system will enable payments for larger digital goods and boost inter-operable real-time person-to-person (P2P) and merchant payment transactions (P2M) in Nepal. About Nepal Capital: Kathmandu         Currency: Nepalese rupee         Prime Minister: Pushpa Kamal Dahal About NPCI Founded: 2008                  Headquarters: Mumbai

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