New Delhi NPCI International Payments Ltd( NIPL), the transnational arm of the public Payments Corporation of India( NPCI), on Thursday inked an agreement with QNB, the largest fiscal institution in the Middle East and Africa, headquartered in Qatar, to launch QR law- grounded Unified Payments Interface( UPI) payments across the Gulf nation.
This will enable UPI payment acceptance in Qatar through the QNB trafficker network, serving Indian trippers visiting and coursing through the country. “ We believe that enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting the country, simplifying their deals, and icing a hassle-free trip experience abroad, ” Anubhav Sharma, Deputy Chief – hook ups and Business Development, NPCI International, said in a statement.
This cooperation will give Indian excursionists the option to use their favored payment system across retail stores, sightseer lodestones, rest spots, duty-free shops, and hospices. “ With this new digital payment result acceptance, we're revolutionising the way deals are conducted, enhancing the trip experience like no way ahead, ” said Adel Ali Al- Malki, Senior Executive VP, QNB Group Retail Banking.
By espousing UPI payments, merchandisers in Qatar will also be suitable to offer a briskly and more accessible payment and checkout process.