New Delhi: Indian tourists/migrants in the
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.
Soon! You won’t need a debit card to withdraw money from any ATM; here’s how
UPI Frauds: Here are some tips to avoid them
Since its inception in 2016, UPI has grown in popularity. The real-time instant payment system has become one of the most important forms of digital payments. Proof of this is that UPI enabled 45.6 billion transactions, worth $1 trillion in FY22, making it the most successful real-time payment ecosystem in the world.