DSK Legal advised NPCI International Payments Limited on UPI-UPU Integration Project with India Post
The Leading Law firm in India, DSK Legal advised NPCI International Payments Limited (NIPL) in connection with its arrangement with the Department of Posts, Government of India (India Post) for the launch of the UPI-UPU Integration Project, enabling cross-border remittances through the Universal Postal Union (UPU) postal network by leveraging Unified Payments Interface (UPI) rails. NIPL, a wholly owned subsidiary of the National Payments Corporation of India, has been authorised to facilitate international remittances through the UPI system.
The launch represents the first global deployment of UPI on an international postal remittance network and marks a significant step towards strengthening financial inclusion and India’s digital public infrastructure for cross-border digital payments. The initiative integrates UPI’s real-time payment capabilities with UPU’s Interconnection Platform, thereby allowing international postal operators to connect with India Post and facilitate seamless, low-cost, and instant cross-border transfers. Through this integration, users across UPU’s global postal network will be able to remit funds into India conveniently via UPI, specifically benefitting Indian workers abroad and families depending on remittances.
In connection with the integration, DSK Legal assisted NIPL in drafting and execution of the cross-border remittance agreement with India Post and advised on the existing legal framework applicable to cross-border postal payments, keeping in mind the technical and commercial considerations of the integration for the two legs of settlement (international and domestic). The two-tiered integration at the India Post and UPU levels, as well as ensuring compliance by all international and domestic participating members such as screening banks, international postal agencies, and their participating banks, were key considerations for the project. The engagement involved navigating through the complex regulatory requirements pertaining to KYC, anti-money laundering, data protection, and the UPI switch architecture.
The DSK Legal team representing NIPL comprised Mr. Rishi Anand (Partner) as the lead engagement partner, providing strategic inputs on the project, along with Mr. Chirag Jain (Associate Partner), Ms. Shreya Singh (Senior Associate), and Ms. Ria Mishra (Associate).
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