India’s NPCI International Payments Limited( NIPL) has blazoned a cooperation with Network International( Network) to enable QR law- grounded Unified Payments Interface( UPI) payments in the United Arab Emirates( UAE) across Network’s point- of- trade( POS) outstations. This move aims to streamline deals for Non-Resident Indians( NRIs) and Indian excursionists a wide trafficker network in the region.
The advertisement was made at a event in Dubai on Wednesday, July 3, attended by India’s Consul General Satish Kumar Sivan and representatives from Network International and NPCI International. The new payment option is now accessible at over 200,000 POS outstations across 60,000 merchandisers in retail, hospitality, transport, and supermarkets among others.
According to NPCI International, UPI acceptance will gradationally be introduced across colorful retail stores, dining outlets, and sightseer lodestones like Dubai Mall and Mall of the Emirates. By enabling UPI acceptance through its POS outstations, Network will give a QR- grounded safe and secure system for easing cross-border payments.
This will allow Indian excursionists and NRIs with Indian bank accounts to use UPI for payments across Network’s POS outstations in the UAE. The number of Indian excursionists traveling to the Gulf Cooperation Council( GCC) countries is projected to reach 9.8 million in 2024, with the UAE awaiting5.29 million advents from India. UPI is India’s largest instant payments system with over 350 million active druggies, and it reused14.04 billion deals in May 2024 alone.
