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NPCI International partners with Mashreq Bank to offer UPI In UAE

Thursday 26 August 2021 11:43 CET | News

National Payment Corporation of India (NPCI) has announced a partnership with UAE-based Mashreq Bank to offer Unified Payments Interface (UPI) in the UAE.

 

UPI is an instant real-time payment system developed by NPCI facilitating P2P and P2M transactions. The UPI based mobile application will enable transactions in shops and merchant stores across UAE.

According to the press statement, this partnership will benefit over 2 million Indians who travel to UAE for business or leisure purposes every year. The users will be able to pay for their purchases seamlessly using UPI-based mobile applications across shops and merchant stores in the UAE. 

Earlier this year in July, NPCI also partnered with the Royal Monetary Authority (RMA) of Bhutan to implement UPI-based payments in Bhutan, making it the first foreign country to adopt UPI. It is expected to benefit an estimated 200,000 tourists from India who travel to Bhutan each year.


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Keywords: partnership, NPCI, UPI, mobile payments
Categories: Payments & Commerce
Companies:
Countries: United Arab Emirates
This article is part of category

Payments & Commerce