- NPCI International Payments Ltd and NeoPay have entered into an agreement to offer UPI payments in the UAE.
- This will enable Indian travellers to pay using UPI on NepPay terminals.
- Indians can currently use UPI for payments in UAE, Bhutan and Singapore.
In a big boost to
Unified Payments Interface (UPI), the international arm of National Payments Corporation of India (NPCI) has partnered with NeoPay, a payments subsidiary of UAE’s Mashreq Bank.
According to an Economic Times
report, the NPCI International Payments Ltd’s (NIPL) agreement with NeoPay will allow Indian travellers in the UAE to make payments using UPI on the company’s terminals across the country.
This will make payments in UPI seamless for Indian travellers as it will become as easy and quick as they are in India. Indians will be able to pay using BHIM UPI on NeoPay terminals.
The partnership between NPCI International and NeoPay was announced last year and the two companies have been working on creating infrastructure to enable seamless payments.
Do note that this is not the first country outside India where Indians can use UPI for payments. Indians can already use UPI in countries like Bhutan and Singapore. NIPL is also working on enabling UPI payments in Nepal.
"We are looking at creating an acceptance footprint for UPI-powered apps, including BHIM, across the globe We are following the markets where our Indian consumers travel, and this partnership is to expand the usage universe of Indians who currently enjoy seamless UPI experience in India," said Ritesh Shukla, CEO, of NIPL
This will come as good news for over 3.5 million Indians that are currently living in the UAE. In addition to this, over 2 million Indians visit the UAE each year.
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