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NIPL signed MoU with Western Union

Published on December 19, 2021
Current Context: The NPCI International Payments Limited (NIPL) signed MoU with Western Union.
NIPL signed MoU with Western Union
  • The MoU was signed to perform a real-time bank account payment system in India.
  • The NIPL is an international payment arm of NPCI.
  • Due to this partnership, the bank account holders in India will be able to receive cross-border money transfers immediately via UPI IDs.
  • Therefore, millions of Indians will be able to receive funds across the world in a seamless and secure manner.
  • They will work jointly to develop a robust and innovative payment infrastructure in the country for the people to receive cross-border payments.
  • Static Part: 
    • CEO of NIPL: Ritesh Shukla
    • HQ of NIPL: Mumbai
    • HQ of Western Union: Colorado, US

Question: 

Q.1 Which entity signed MoU with Western Union to enable people to receive cross-border payments in India?
a. NPCI International Payments Limited
b. Airtel Payments Bank
c. PayPal
d. Mastercard
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