Indians in UAE can now pay using BHIM UPI. Here’s how it will work

New Delhi: Indian tourists/migrants in the United Arab Emirates (United Arab Emirates) have a reason to rejoice because they will now be able to do IPU payments in the country. BHIM UPI has been activated in the Middle Eastern country, which means people with Indian bank accounts will now be able to pay using UPI at shops, retail stores, and other merchants in the Gulf nation.

NPCI International Payments Ltd (NIPL), the international arm of the National Payment Corporation of India, announced on Thursday that BHIM UPI is now live on NEOPAY terminals, across the United Arab Emirates. NIPL and NEOPAY, the payment subsidiary of Mashreq Bank, teamed up last year to create the acceptance infrastructure in the UAE.

NIPL CEO Ritesh Shukla said, “This initiative will enable Indian tourists to make payments using BHIM UPI, which has become the preferred payment method for Indian citizens.”

How will this work?

To transact using UPI in the UAE, users must have a bank account in India that has UPI enabled. Also, people must have a mobile app like BHIM that supports UPI payments.

Will UPI be accepted everywhere in the UAE?

No. UPI payments will be accepted at merchants and stores with NEOPAY terminals.

Vibhor Mundhada, CEO of NEOPAY, said: “The UAE continues to be one of the main source markets for Indian travelers and our collaboration with NIPL will enable thousands of Indian tourists who visit the UAE every year to enjoy safe and secure transactions. transparent.

Are there also other international arrangements?

NPCI’s international arm, NIPL, has engaged with several international financial service providers to provide seamless transaction services to Indians. UPI is accepted in Bhutan and Nepal, and is expected to go live in Singapore later this year.

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