NPCI Unites India and Bahrain in Instant Money Flow
- NPCI’s UPI now links with Bahrain’s Fawri+ for instant cross-border money transfers.
- The partnership offers faster, secure, and cost-effective transactions, benefiting India’s large community in Bahrain.
- NBBL integrates FX-Retail Platform, enabling customers to buy foreign currency, reload Forex Cards, and remit abroad seamlessly.
In a major step towards strengthening digital payment connectivity, NPCI International Payments Limited (NIPL) the international arm of the National Payments Corporation of India (NPCI) has partnered with BENEFIT, Bahrain’s leading fintech and electronic financial transactions company, to enable real-time cross-border remittances between India and Bahrain.
This partnership will link India’s Unified Payments Interface (UPI) with Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ service. The connection will allow users in both countries to send and receive money instantly, securely, and at lower costs. The collaboration, guided by the Reserve Bank of India (RBI) and the Central Bank of Bahrain (CBB), marks a key milestone in advancing cross-border payment frameworks and enhancing financial inclusion.
Through this integration, residents of both nations will benefit from faster and more efficient remittances, reflecting the shared commitment to modernize digital payment ecosystems. The initiative is particularly significant for the large Indian community in Bahrain, which makes up nearly 30 percent of the country’s population, providing them with a convenient and affordable remittance channel.
In another major development, NPCI Bharat BillPay Limited (NBBL), a wholly owned subsidiary of NPCI, has introduced a new Forex category on its Bharat Connect platform in partnership with Clearcorp Dealing Systems (India) Ltd, a subsidiary of the Clearing Corporation of India Ltd (CCIL).
This integration links NBBL’s Bharat Connect with Clearcorp’s FX-Retail Platform, allowing retail customers to access foreign exchange services directly through their preferred banking or payment apps. Customers can now easily buy foreign currency, reload Forex Cards, or make outward remittances through select mobile banking and third-party apps.
The launch, showcased at the Global Fintech Fest 2025, marks another step in NPCI’s journey to simplify cross-border transactions and empower users with seamless, digital-first financial solutions.
