NPCI partners with UAE firm to expand UPI acceptance

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has announced a strategic partnership with a United Arab Emirates (UAE)-based payment solutions provider to offer Unified Payments Interface (UPI) as a transaction method for Indians visiting the West Asian country.

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The collaboration with fintech firm Magnati will enable QR-based UPI merchant payments through point-of-sale (POS) terminals across the UAE. With this partnership, NIPL can provide seamless payment options to more than 1.20 crore Indians travelling to Dubai and the UAE annually.

It plugs an Indian solution into the global digital payments network and allows UAE merchants to cater to a growing Indian consumer base. The partnership will initially offer UPI acceptance across Dubai Duty Free, enhancing the shopping and payment experience for Indian tourists. It will further pave the way for future expansion across key merchant categories including retail, hospitality, transport, and supermarkets, among others.