India and Bhutan collaborate on UPI-linked postal remittances [Yahoo! Finance]
NIPPON TEL & TEL CP (NPPXF)
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Source: Yahoo! Finance
Payments Interface (UPI) with Bhutan's postal network through the Universal Postal Union (UPU) PosTransfer system. According to a statement from the Ministry of Communications, the initiative is designed to enhance financial connectivity and make digital remittance services “more accessible” to citizens in both countries. As part of the collaboration, the two countries signed a memorandum of understanding (MoU) on postal cooperation, establishing a formal framework between India Post and Bhutan Post. The MoU covers cooperation in postal operations, technology development, capacity building, logistics connectivity, philately, and knowledge exchange. Both sides highlighted the importance of capacity building, training and professional development. Under the cooperation framework, Bhutanese postal officials will take part in training programmes in India alongside Indian counterparts at institutions under the Department of Posts, including the Rafi Ahmed Kidwai National Postal A
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