UAE UPI Payment: It will become very easy for Indian tourists to visit Dubai and shop there. Yes, now NPCI’s UPI will also work in the United Arab Emirates or UAE. For this, NPCI International Payments Limited has joined hands with Network International, a large digital commerce company of the Middle East and Africa.
New Delhi: A lot of Indians live in the United Arab Emirates and other Gulf countries. Along with this, a lot of Indian tourists also visit these countries. Now it will be very easy for these tourists to make payments there. In fact, now payments can be made easily through UPI (QR-based Unified Payments Interface (UPI) in the Middle East country United Arab Emirates (UAE). For this, NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India, has partnered with Network International, a large digital commerce company in the Middle East and Africa.
How will the payment be made?
NPCI International CEO Ritesh Shukla says that now Indian travelers or NRIs in UAE will be able to make Unified Payments Interface (UPI) payments through QR code through point of sale machines. He says that the increasing acceptance of UPI payments among UAE merchants will not only be convenient for Indian travelers, but it will also promote innovative digital payment solutions internationally.
Lakhs of Indians reach there
The number of Indian travellers in the Gulf Cooperation Council (GCC) is estimated to reach 98 lakhs. This year, around 53 lakh Indians are expected to reach the UAE alone. The Government of India, Reserve Bank of India (RBI) and NPCI International are working together to promote UPI on the global platform. Now, with the UPI payment system working there, it will be more convenient for Indians.
UPI works in many countries outside India
At present, payments can be made with UPI in Nepal, Sri Lanka, Mauritius, UAE, Singapore, France and Bhutan outside India. Due to the ease of digital payment with UPI, the number of transactions through it is increasing year by year.
Billions of transactions are happening
According to NPCI data, the number of transactions on the UPI platform in June was 13.9 billion. It has seen an increase of 49 percent on an annual basis. During this period, the average number of transactions through UPI was 463 million per day and the average transaction amount was Rs 66,903 crore per day. The reason for the increase in UPI transactions is the linking of Rupay credit card to UPI and the launch of UPI abroad as well.
