UPI payments now live in UAE! 20 lakh Indians to benefit from NPCI’s strategic move

Indians travelling to the UAE are expected to benefit from Unified Payments Interface (UPI) enabled mobile applications to pay for their purchases in a shop or merchant establishment across the country. 

New Delhi: NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation. This strategic partnership will be a significant game-changer in the digital payment ecosystem in the UAE, a release said on Friday. With this tie-up, more than 2 million (20 lakh) Indians travelling to the UAE are expected to benefit from Unified Payments Interface (UPI) enabled mobile applications to pay for their purchases in a shop or merchant establishment across the country. Developed by National Payments Corporation of India, UPI facilitates inter-bank transactions.