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India, Bhutan Launch UPI-Postal Cross-Border Remittance Service

India and Bhutan have announced a cross-border remittance initiative by integrating the Universal Postal Union's system with India's UPI through their postal networks. A memorandum of understanding has been signed to foster cooperation in postal operations, technology, and capacity building. The partnership includes training programs for Bhutanese postal officials at Indian institutions like the Rafi Ahmed Kidwai National Postal Academy. Both nations will also collaborate on digital postal systems and financial services to enhance efficiency and inclusion.

Key Points: India-Bhutan UPI Remittance via Postal Network Launched

  • UPI-UPU integration for remittances
  • MoU on postal cooperation signed
  • Focus on tech sharing & digital systems
  • Training programs for postal officials
2 min read

UPI to soon facilitate cross-border remittance between India, Bhutan via postal network

India and Bhutan partner to enable affordable cross-border remittances by integrating UPI with the postal network, boosting financial connectivity.

"enhance financial connectivity and make digital remittance services more accessible - Official Statement"

New Delhi, March 21

In yet another example of UPI going global, India and Bhutan have announced to launch a cross-border remittance initiative, which will enable efficient and affordable remittance services between both the countries.

This will happen via the postal network by integrating the Universal Postal Union (UPU) PosTransfer system with India's Unified Payments Interface (UPI).

This initiative will enhance financial connectivity and make digital remittance services more accessible to citizens in both countries, according to an official statement.

The countries have signed a memorandum of understanding (MoU) on postal cooperation, providing a structured framework for collaboration between India Post and Bhutan Post.

The MoU aims to promote cooperation in areas such as postal operations, technology development, capacity building, logistics connectivity, philately, and knowledge exchange.

Both sides also emphasised the importance of capacity building, training and professional development.

According to the Ministry of Communications, under the cooperation framework, Bhutanese postal officials will participate in training programmes in India alongside their Indian counterparts at institutions of the Department of Posts, including the Rafi Ahmed Kidwai National Postal Academy and other training centres.

These programmes are in areas such as operational expertise, management capacity, and emerging technologies in the postal sector.

India and Bhutan also agreed to deepen collaboration in the technology domain, including sharing experience and best practices related to India Post's evolving technology ecosystem.

This includes cooperation in areas such as digital postal systems and the Digital Address Code, which can support more efficient addressing, logistics planning, and improved service delivery.

According to the statement, the two sides welcomed continued cooperation in philately and cultural exchange, with Bhutan Post invited to participate in philatelic exhibitions organized in India.

India also expressed its readiness to share its experience and knowledge in postal financial services, including how postal networks can support financial inclusion by channelizing public savings and providing accessible financial services to communities.

- IANS

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Reader Comments

R
Rohit P
UPI going global step by step. First with Nepal, Singapore, now Bhutan. Our digital infrastructure is becoming a model for the region. Proud moment for Indian tech!
A
Aman W
Good initiative, but I hope the focus is also on making the service reliable and user-friendly for people in remote areas who rely on the postal network the most. The training programs sound promising.
S
Sarah B
The cultural exchange through philately is a lovely touch. It's more than just money transfer; it's about strengthening the deep-rooted friendship between the two countries. Well done.
V
Vikram M
This is the kind of regional cooperation we need. Affordable remittance will boost small businesses and workers on both sides of the border. Hope they roll it out soon without technical glitches.
K
Karthik V
While I appreciate the intent, I have a respectful criticism. India Post's core service delivery often faces delays. Integrating a complex financial system like UPI must be backed by robust operational efficiency. The training is key, but execution will be everything.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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