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UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants

NPCI International Payments Limited (NIPL) has partnered with UAE-based Magnati to expand UPI-based QR merchant payments in the Middle East. This collaboration aims to enhance payment options for over 12 million Indian travelers annually,
The article from Times Now News discusses the expansion of India's Unified Payments Interface (UPI) to the United Arab Emirates (UAE) through a partnership between NPCI International Payments Limited (NIPL) and Magnati, a payment solutions provider in the Middle East. This collaboration aims to introduce QR code-based UPI payments for Indian tourists and NRIs in the UAE, allowing them to make payments in INR directly from their Indian bank accounts. This initiative not only simplifies transactions for Indian visitors but also marks a significant step in the internationalization of UPI, enhancing its global footprint. The move is expected to benefit merchants in the UAE by tapping into the spending power of the large Indian diaspora and tourists, while also promoting digital payment solutions in the region.

Read the Full timesnownews Article at:
[ https://www.timesnownews.com/business-economy/personal-finance/upi-goes-global-nipl-and-magnati-bring-qr-based-payments-to-uae-merchants-article-117298891 ]