NPCI International Collaborates with Magnati to Boost UPI Acceptance in UAE.

Banking & Finance

NPCI International Payments Limited (NIPL), the global branch of the National Payments Corporation of India (NPCI), has teamed up with Magnati, a prominent payment solutions provider in the Middle East, to enable QR-based Unified Payments Interface (UPI) merchant payments through Magnati’s Point-Of-Sale (POS) terminals in the United Arab Emirates (UAE).


      - The partnership seeks to broaden the QR-based merchant payment network across more businesses in the UAE, offering seamless payment solutions to over 12 million Indians who travel to Dubai and the UAE each year.

     

     

Main Point :-   (i) Initially, UPI acceptance will be introduced at Dubai Duty Free, improving the shopping and payment experience for Indian tourists.

      (ii) The service will later be extended to other important merchant sectors, such as retail, hospitality, transport, and supermarkets.

(iii) UPI payments are now accepted in seven countries: Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, France, and the UAE.

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